The Firm has represented the underwriters in five public offerings of debt securities by KfW in 2026 (through July 31, 2026):
$5 billion of 3.750% Global Notes due 2031
$4 billion of 3.500% Global Notes due 2029
$4 billion of $4.125 Global Notes due 2031
$3 billion of 4.250% Global Notes due 2029
$3 billion of 4.375% Global Notes due 2033
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, Alessio Davide D’Alessandro, Yun Kei Chow and Stefan Luginbuehl (Capital Markets); and Meredith B. Jones and Max Toubiana (Tax).