Not for distribution, directly
or indirectly, in or into the United States or any jurisdiction in
which such distribution would be unlawful.
Kreditanstalt Fuer
Wiederaufbau (KFW)
Post-stabilisation Period
Announcement
Nomura Financial Products Europe GmbH
hereby gives notice, as Stabilisation Coordinator, that the
Stabilisation Manager(s) named below may stabilise the offer of the
following securities in accordance with Commission Delegated
Regulation (EU) 2016/1052 under the Market Abuse Regulation
(EU/596/2014) and the UK FCA Stabilisation Binding Technical
Standards.
|
Securities2
|
|
|
Issuer:
|
Kreditanstalt Fuer Wiederaufbau
(KFW)
|
|
Guarantor(s) (if any):
|
NA
|
|
Aggregate nominal amount:
|
EUR 1bn
|
|
Description:
|
KFW 1bn TAP. Due on 22nd
April 2024. Coupon 2.8750 Maturity: 29 May 2026. ISIN:
DE000A351MM7
|
|
Offer price:
|
99.615
|
|
Other offer terms:
|
NA
|
|
Stabilisation:
|
|
|
Stabilisation
Manager(s):4
|
Nomura Financial Products Europe
GmbH
|
|
Stabilisation period expected to
start on:5
|
15th April
2024
|
|
Stabilisation period expected to end
no later than:6
|
22nd May
2024
|
|
Existence, maximum size and
conditions of use of over‑allotment
facility:8
|
Maximum size of overallotment facility: 5% of
the aggregate nominal amount stated
above
|
|
Stabilisation trading
venue(s):9
|
Euroclear, Clear Stream
|
In connection with the offer of the
above securities, the Stabilisation Manager(s) may
over‑allot10 the securities or effect transactions with a
view to supporting the market price of the securities during the
stabilisation period at a level higher than that which might
otherwise prevail. However, stabilisation may not necessarily occur
and any stabilisation action, if begun, may cease at any time. Any
stabilisation action or over‑allotment shall be conducted in
accordance with all applicable laws and rules.
This announcement is for information
purposes only and does not constitute an invitation or offer to
underwrite, subscribe for or otherwise acquire or dispose of any
securities of the Issuer in any jurisdiction.
This announcement and the offer of the
securities to which it relates are only addressed to and directed
at persons outside the United Kingdom and persons in the United
Kingdom who have professional experience in matters related to
investments or who are high net worth persons within Article 12(5)
of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 and must not be acted on or relied on by
other persons in the United Kingdom12.
In addition, if and to the extent that
this announcement is communicated in, or the offer of the
securities to which it relates is made in, any EEA Member State
before the publication of a prospectus in relation to the
securities which has been approved by the competent authority in
that Member State in accordance with Regulation (EU) 2017/1129 (the
"(EEA Prospectus Regulation") (or which has
been approved by a competent authority in another Member State and
notified to the competent authority that Member State in accordance
with the EEA Prospectus Regulation), this announcement and the
offer are only addressed to and directed at persons in that Member
State who are qualified investors within the meaning of the EEA
Prospectus Regulation (or who are other persons to whom the offer
may lawfully be addressed) and must not be acted on or relied on by
other persons in that Member State.
This announcement is not an offer of
securities for sale into the United States. The securities have not
been, and will not be, registered under the United States
Securities Act of 1933 and may not be offered or sold in the United
States absent registration or an exemption from registration. There
will be no public offer of securities in the United
States.
