The Firm has represented underwriters in 8 public offerings of debt securities by KfW in 2019 (through July 12):
$5 billion of 2.625% Global Notes due 2024
C$1 Billion 2% Global Notes due 2022
€1 billion of 0.75% Global Bonds due 2028
$5 billion of 2.5% Global Notes due 2022
$3 billion of 2.375% Global Notes due 2021
€1 billion of 0.125% Global Bonds due 2023
€1 billion of 0.25% Global Bonds due 2025
$4 billion of 1.75% Global Notes due 2022
The lead underwriters for these offerings have varied and have included many of the leading U.S., European and Canadian 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 Carol Daniel, Mark Brod, Surya Bala and John Loubriel (Capital Markets); and Meredith B. Jones, William Smolinski and Kelli Rivers (Tax).