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by Anna Tkachenko

Jun 08, 2026 5:50 AM ET

PRICED: KfW €100m 1.5yr Sr Unsec; KFW 0% 12/27+3bp

IGC European Market: Deal Flow - SSA

Issuer	Term	Coupon	Maturity	Size	Ranking	Type	Price	Yield	Guidance	Spread	GDNC-PXD
Kreditanstalt fuer Wiederaufbau (KfW)	1.5yr	2.75%	07-Dec-27	€100m	Sr Unsec	Fixed	99.939	2.799%	KFW 0% 12/27+3	KFW 0% 12/27+3	0

Reoffer: 99.939% / 2.799% (equivalent to KFW 0% 12/27 +3bps)
Benchmark: 16.6bps vs DBR 0 15-Nov-27 (@ 96.345 / 2.633%) HR 107%

Launched: 1.5yr: €100m @ KFW 0% 12/27+3bp
Guidance: 1.5yr: KFW 0% 12/27+3bp

Issuer: Kreditanstalt fuer Wiederaufbau (KFW)
Ratings: Aaa/AAA/AAA (Moody's/Scope/S&P, all stable)
Issuer LEI: 549300GDPG70E3MBBU98
Guarantor: Federal Republic of Germany
Status: Senior, Unsecured, Unsubordinated, crypto security under German eWpG
Format: Standalone documentation, Reg S only
Size: €100m
Maturity: 07-Dec-27
Settlement: 09-Jun-26 (T+1)
Reoffer: 99.939% / 2.799% (equivalent to KFW 0% 12/27 (mid @ 95.946 / 2.769%) +3bps)
Coupon: 2.75% Fixed, annual act/act ICMA (short first coupon)
Benchmark: 16.6bps vs DBR 0 15-Nov-27 (@ 96.345 / 2.633%) HR 107%
Fee: None
Joint Lead Managers: Bankhaus Metzler, DekaBank, DZ BANK, LBBW
Law: German Law
Target Market: The manufacturer target markets (MIFID II product governance) as assessed by the joint lead managers are eligible counterparties and professional (all distribution channels).
Denoms: 100K x 100K
ISIN/WKN: DE000A5EAGH1/ A5EAGH
Timing: Priced. ToE 11.40 CET, FTT 12.00 CET