News & Events

The Firm has represented underwriters in 16 public offerings of debt securities by KfW in 2016:

• $5 billion of 1.5% Global Notes due 2019 (which closed in January 2016);
• €3 billion of 0.375% Global Bonds due 2023 (which closed in January 2016);
• $2 billion of Floating Rate Global Notes due 2017 (which closed in January 2016);
• $4 billion of 1.625% Global Notes due 2021 (which closed in February 2016);
• €4 billion of 0.375% Global Bonds due 2026 (which closed in March 2016);
• $6 billion of 0.875% Global Notes due 2018 (which closed in April 2016);
• €1 billion of 0.625% Global Bonds due 2025 (which closed in April 2016);
• $5 billion of 1.5% Global Notes due 2021 (which closed in May 2016);
• €5 billion of 0% Global Bonds due 2021 (which closed in June 2016);
• €1 billion of 0.375% Global Bonds due 2026 (which closed in July 2016);
• $5 billion of 1% Global Notes due 2019 (which closed in July 2016);
• $4 billion of 1% Global Notes due 2018 (which closed in September 2016);
• €4 billion of 0% Global Bonds due 2023 (which closed in September 2016);
• $5 billion of 1.25% Global Notes due 2019 (which closed in October 2016);
• €1 billion of 1.5% Global Bonds due 2024 (which closed in October 2016); and
• $1.5 billion of 2% Global Notes due 2021 (which closed in November 2016).

The lead underwriters for these offerings have varied and have included many of the leading U.S., Canadian and European banks.

KfW, also known as Kreditanstalt für Wiederaufbau, is a development bank owned by the Federal Republic of Germany and the German federal states. KfW serves domestic and international public policy objectives of the German government.

The Simpson Thacher team for these transactions included Mark Brod, Adam Wollstein, Sven Frode Frølund, Anna Pollak and Jakob Egle (Capital Markets); and Meredith B. Jones and Joseph Tootle (Tax).