KfW plans to issue $3 billion of three-year fixed-rate notes

By Devika Patel

Knoxville, Tenn., Nov. 8 – KfW intends to sell $3 billion of fixed-rate notes due Dec. 15, 2020, according to an announcement.

J.P. Morgan Securities LLC, BMO Capital Markets Corp. and TD Securities (USA) LLC are the stabilizing managers.

Pricing is expected on Wednesday.

The notes will be guaranteed by the Federal Republic of Germany.

KfW is a government-backed bank based in Frankfurt.

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