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NEW MANDATE: KfW 5-year USD Benchmark: -...>

ISSUANCE
ISSUANCE: NEW MANDATE: KfW 5-year USD Benchmark:
- "KfW, rated Aaa/AAA/AAA (all stable) and guaranteed by the Federal Public of
Germany, has mandated BofA Securities, RBC Capital Markets and TD Securities to
lead manage a new Global 5-year USD benchmark issue no II/2020 maturing on 18th
July 2025. Fees total 12.5 cents. The transaction will be launched in the near
future, subject to market conditions. German law."
- Market source

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