The Firm has represented underwriters in 12 public offerings of debt securities by KfW to date in 2014:
◦$5,000,000,000 of 2.500% Global Notes due 2024 (which closed in November 2014)
◦C$1,000,000,000 of 1.750% Global Notes due 2019 (which closed in October 2014);
◦$3,000,000,000 of 0.875% Global Notes due 2017 (which closed in October 2014);
◦€3,000,000,000 of 0.050% Global Bonds due 2017 (which closed in October 2014);
◦$1,500,000,000 of 1.750% Global Notes due 2019 (which closed in October 2014);
◦€3,000,000,000 of 1.500% Global Bonds due 2024 (which closed in June 2014);
◦$6,000,000,000 of 0.500% Global Notes due 2016 (which closed in May 2014);
◦$1,000,000,000 of Floating Rate Global Notes due 2015 (which closed in April 2014);
◦€5,000,000,000 of 0.875% Global Bonds due 2019 (which closed in March 2014);
◦$4,000,000,000 of 0.750% Global Notes due 2017 (which closed in February 2014);
◦$4,000,000,000 of 1.875% Global Notes due 2019 (which closed in January 2014); and
◦€5,000,000,000 of 1.625% Global Bonds due 2021 (which closed in January 2014).
The lead underwriters for these offerings have varied and have included most of the leading U.S., Canadian and European investment 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, Federico Fruhbeck, Nicolas Wehrli, Adam Wollstein and Sven Frode Frølund (Capital Markets); and Meredith B. Jones and
Joseph Tootle (Tax).
