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Published on 6/26/2009 in the Prospect News Investment Grade Daily.

New Issue: KfW reopens 3.5% global notes due 2014 to add $1 billion

By Andrea Heisinger

New York, June 26 - KfW reopened its issue of 3.5% global notes due March 10, 2014 on Friday to add $1 billion, according to an FWP filing with the Securities and Exchange Commission.

The non-callable notes (Aaa/AAA/AAA) priced at 102.173.

Total issuance is $5 billion, including $4 billion issued March 10.

Bookrunners were Credit Suisse Securities and Deutsche Bank Securities Inc.

The German government-owned bank is based in Frankfurt.

Issuer:KfW
Issue:Global notes
Amount:$1 billion, reopened
Maturity:March 10, 2014
Bookrunners:Credit Suisse Securities, Deutsche Bank Securities Inc.
Coupon:3.5%
Price:102.173
Call:Non-callable
Trade date:June 26
Settlement date:July 6
Ratings:Moody's: Aaa
Standard & Poor's: AAA
Fitch: AAA
Total issuance:$5 billion, including $4 billion issued March 10

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