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Published on 2/5/2009 in the Prospect News Emerging Markets Daily.

New Issue: Germany's KfW prices 925 million Egyptian pound one-year 18½% bonds

By Aaron Hochman-Zimmerman

New York, Feb. 5 - KfW priced 925 million Egyptian pound one-year 18½% bonds (Aaa/AAA/AAA) payable in dollars at par, according to a filing with the Securities and Exchange Commission.

JPMorgan acted as the bookrunner for the off-the-shelf deal.

Proceeds will be used for general business.

KfW is a Frankfurt-based development lender.

Issuer: KfW

Issue: Global notes

Amount:925 million Egyptian pounds
Maturity:Feb. 11, 2010
Coupon:18½%
Price:Par
Yield:18½%
Bookrunner: JPMorgan
Pricing date:Feb. 5
Settlement date:Feb. 11
Ratings:Moody's: Aaa
Standard & Poor's: AAA
Fitch: AAA

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