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FRANKFURT - German state-owned development bank Kreditanstalt für Wiederaufbau (KfW) announced plans to issue €3 billion in senior unsecured notes due November 15, 2032, according to a pre-stabilization notice released Tuesday.
The notes will be guaranteed by the Federal Republic of Germany and carry the ISIN code XS3166721913. The stabilization period for the offering is expected to begin on August 19 and end no later than September 19, 2025.
Deutsche Bank AG (ETR:DBKGn) will serve as the stabilization coordinator, with Barclays (LON:BARC), Deutsche Bank Aktiengesellschaft, HSBC, and SocGen acting as stabilization managers. These managers may over-allot securities by up to 5% of the aggregate nominal amount to support the market price during the stabilization period.
The issue price has yet to be announced.
KfW, one of Europe’s largest development banks, primarily provides financing for small and medium-sized companies, infrastructure projects, and environmental initiatives. The bank regularly issues bonds in international capital markets to fund its lending operations.
The announcement comes amid continued activity in the European debt markets as issuers seek to secure financing before potential interest rate changes.
This information was disclosed in a press release statement distributed through the London Stock Exchange (LON:LSEG)’s news service.
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