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Published on 2/4/2008 in the Prospect News Investment Grade Daily.

New Issue: KfW prices $4 billion 3.25% five-year global notes at 99.621

By Andrea Heisinger

Omaha, Feb. 4 - KfW priced $4 billion 3.25% five-year global notes (Aaa/AAA/AAA) on Monday at 99.621, according to an FWP filing with the Securities and Exchange Commission.

Bookrunners were Deutsche Bank Securities Inc., HSBC Securities and Lehman Brothers Inc.

Co-managers were BNP Paribas, Goldman Sachs & Co. International, Merrill Lynch & Co., Mitsubishi UFJ Securities International plc, Morgan Stanley & Co. Inc., Nomura International, RBC Capital Markets and UBS Investment Bank.

Interest is payable semiannually.

The German development bank is based in Frankfurt.

Issuer:KfW
Issue:Global notes
Amount:$4 billion
Maturity:March 15, 2013
Bookrunners:Deutsche Bank Securities Inc., HSBC Securities, Lehman Brothers Inc.
Co-managers:BNP Paribas, Goldman Sachs & Co. International, Merrill Lynch & Co., Mitsubishi UFJ Securities International plc, Morgan Stanley & Co. Inc., Nomura International, RBC Capital Markets and UBS Investment Bank
Coupon:3.25%
Price:99.621
Call:Non-callable
Trade date:Feb. 4
Settlement date:Feb. 11
Ratings:Moody's: Aaa
Standard & Poor's: AAA
Fitch: AAA

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