The Firm has represented the underwriters in five public offerings of debt securities by KfW in 2025 (through October 31):
$3 billion of 4.625% Global Notes due 2030
$3 billion of 3.875% Global Notes due 2028
$5 billion of $3.750 Global Notes due 2030
$3 billion of 4.000% Global Notes due 2027
$3 billion of 3.500% Global Notes due 2028
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 Mark Brod, Julia T. Szinovatz, Busra Kakdas and Lampros Anastasopoulos (Capital Markets); and Meredith B. Jones (Tax).