Hengeler Mueller advises bank syndicate on USD 1bn KfW SOFR bond

15. February 2021

Kreditanstalt für Wiederaufbau (KfW) has issued a USD 1bn floating rate bond via its US issuance programme. The coupon is linked to the SOFR (Secured Overnight Financing Rate). The notes are due to mature on 12 February 2024.

Hengeler Mueller advised the involved bank syndicate on the transcation together with US firm Simpson Thacher & Bartlett LLP. The team included partner Hendrik Haag (Capital Markets) as well as senior associate DCM Raik Petermann (both Frankfurt).