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***KfW, rated Aaa/AAA/AAA (all....>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: ***KfW, rated Aaa/AAA/AAA (all stable; Moody's/Scope/S&P) and
guaranteed by the FEDERAL REPUBLIC OF GERMANY, has mandated BNP Paribas,
Commerzbank and Goldman Sachs International to lead manage a new Euro 10-year
fixed rate Global benchmark issue no. I/2018, due 07 January 2028. 
- The issue is expected to be launched in the near future, subject to market
conditions.

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