7. January 2025
Not for distribution,
directly or indirectly, in or into the United States or
any jurisdiction in which such distribution would be
unlawful.
Kreditanstalt für
Wiederaufbau ("KfW")
(the
Issuer)
Pre-stabilisation Period
Announcement
Deutsche Bank AG, Frankfurt
(contact: Debt Syndicate, Phone Nr. +44 207 547
6885) 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).
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The
Securities:
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Issuer:
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Kreditanstalt für Wiederaufbau
("KfW")
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Guarantor (if any):
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Federal Republic of Germany
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Aggregate nominal amount:
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tba
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Description:
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KFW EUR senior unsecured notes due
11th April 2028
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ISIN Code:
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DE000A383TD4
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Issue/offer price:
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tba
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Stabilisation:
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Stabilising Manager(s):
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BNP Paribas
BofA Securities Europe SA
Deutsche Bank
Aktiengesellschaft
Goldman Sachs Bank Europe
SE
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Stabilisation period
expected to start on:
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07/01/2025
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Stabilisation period
expected to end no later
than:
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07/02/2025
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Existence, maximum size and
conditions of use of over-
allotment facility:
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The Stabilisation Manager(s) may
over-allot the securities in an amount not exceeding 5% of the
aggregate nominal amount stated above.
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Stabilisation trading
venue(s)
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tbc
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In connection with
the offer of the above securities, the Stabilisation Manager(s) may
over‑allot 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 Kingdom.
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, the UK or any EEA Member
State before the publication of a prospectus in relation to the
securities which has been approved by the competent authority in
the UK or that Member State in accordance with Regulation (EU)
2017/1129 (the "Prospectus
Regulation") (or which has been approved by a competent
authority in another Member State and notified to the competent
authority in the UK or that Member State in accordance with the
Prospectus Regulation), this announcement and the offer are only
addressed to and directed at persons in the UK or that Member State
who are qualified investors within the meaning of the 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 the UK or 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.
