PRESSEMITTEILUNGEN

Frankfurt (ots) – Yesterday KfW issued a 10-year USD Global bond which is the first 10-year bond from an European issuer in its market segment since 2008. With this very solid placement KfW manifests its position as a leading high quality issuer in the international capital market.

The bond will have the same top-notch triple-A rating from Fitch Ratings, Moody’s and Standard & Poor’s as all KfW bonds. The USD 3 bn. issue with a settlement on June 17th matures on June 17th 2019. With a coupon of 4.875% and a reoffer price of 99.703% it yields 4.913% s.a. This corresponds to a yield pick-up of 108.50 basis points over the current 10-year US Treasury maturing in May 2019. The transaction was lead by Barclays Capital, Citi and Goldman Sachs. Co-Lead Managers were BNP Paribas, Credit Suisse, Deutsche Bank, HSBC, JP Morgan, Morgan Stanley, Nomura, Royal Bank of Canada Capital Markets, Royal Bank of Scotland and Toronto Dominion.

“The surge of long-end Treasury yields created an excellent environment to explore the 10-year segment. After announcing the transaction on Monday steady interest was gathered during the book building process. The book grew to approximately USD 5.4 billion with over 140 orders of highest quality. 64% of the orders came from the US which underlines KfW’s extraordinary standing with domestic investors”, stated Günther Bräunig, Member of the Managing Board of KfW in charge of the bank’s capital market activities.

The breakdown of the order book by sectors is as follows:

Breakdown by investor type:
Funds: 59 %
Central Banks: 20 %
Banks: 20 %
Others: 1 % Geographical Breakdown:
Americas: 64 %
Europe: 19 %
Asia: 14 %
Middle East: 3 %

This press release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. KfW has registered the securities that are the subject of this press release for sale in the United States. The offering of the securities in the United States will be made by means of a prospectus that may be obtained from KfW and will contain detailed information about KfW and its management, financial statements and information about the Federal Republic of Germany.

Term Sheet
KfW USD Global – USD 3 bn.- 4.875 % – 2009 / 2019 ISIN: US500769DJ06
Issuer: KfW
Guarantor: Federal Republic of Germany
Rating: AAA (Fitch Ratings) / Aaa (Moody’s) / AAA (Standard & Poor’s)
Size: USD 3.000.000.000
Maturity Date: 17th June 2009 – 17th June 2019
Coupon: 4,875% p.a., semi-annual coupon
Payment Dates: 17th June and 17th December, first coupon 17th
December, 2009
Re-offer-Price: 99.703%
Yield: 4.913% semi-annually
Format: Global
Stock Market Listing: Luxembourg Lead Manager (3):
Barclays Capital
Citi
Goldman Sachs Co-Lead Manager (10):
BNP Paribas
Credit Suisse
Deutsche Bank
HSBC
JP Morgan
Morgan Stanley
Nomura
Royal Bank of Canada Capital Markets
Royal Bank of Scotland
Toronto Dominion

Contact:

Mrs. Charis Pöthig
KfW, Palmengartenstraße 5-9, 60325 Frankfurt
Kommunikation (KOM)
Tel. 069 7431-4400, Fax: 069 7431-3266,
E-Mail: presse@kfw.de, Internet: www.kfw.de

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