U.S. stock futures steady ahead of Fed decision; Powell, General Mills eyed
FRANKFURT - Kreditanstalt für Wiederaufbau (KfW), the German state-owned development bank, announced Wednesday it plans to issue a $3 billion USD global benchmark bond guaranteed by the Federal Republic of Germany.
Morgan Stanley Europe SE will serve as the Coordinating Stabilisation Manager for the offering, according to a press release statement. Additional stabilisation managers include Bank of Montreal Europe plc, BoFA Securities Europe SA, and RBC Europe Limited.
The stabilisation period is expected to begin immediately and continue until October 17, 2025. During this time, stabilisation managers may over-allot securities or conduct transactions to support the market price of the securities at levels higher than might otherwise prevail, though stabilisation is not guaranteed to occur.
The bond will be listed on the Luxembourg Stock Exchange’s Regulated Market. The offer price has not yet been confirmed.
This announcement comes as part of KfW’s ongoing capital raising activities. As a development bank, KfW provides financing for a wide range of projects supporting economic, social, and environmental initiatives.
The stabilisation notice indicates that the offering is directed at qualified investors in accordance with applicable regulations in the European Economic Area and the United Kingdom.
The bond issuance represents a significant capital markets transaction for KfW, with the full backing of the German government enhancing the security’s credit profile.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.