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Published on 4/17/2024 in the Prospect News Investment Grade Daily.

New Issue: KfW prices $3 billion of 5% global notes due 2026 at 99.923

By William Gullotti

Buffalo, N.Y., April 17 – KfW (Aaa/AAA//Scope: AAA) priced $3 billion of 5% global notes due March 16, 2026 on Wednesday, according to an FWP filing with the Securities and Exchange Commission.

The notes priced at 99.923.

HSBC, Morgan Stanley, Nomura and RBC Capital Markets managed the offering.

The SEC-registered global notes will be listed in Luxembourg.

KfW is a government-backed bank based in Frankfurt.

Issuer:KfW
Guarantor:Germany
Amount:$3 billion
Issue:Global notes
Maturity:March 16, 2026
Managers:HSBC, Morgan Stanley, Nomura and RBC Capital Markets
Coupon:5%
Price:99.923
Trade date:April 17
Settlement date:April 24
Issuer ratings:Moody’s: Aaa
S&P: AAA
Scope: AAA
Distribution:SEC-registered global notes
Cusip:500769KF0

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