The GBP2.55bn 1.125%, 23 December 2019 RegS bearer fixed rate issue for KREDITANSTALT FUER WIEDERAUFBAU (KfW), rated Aaa/AAA/AAA (all stable) and guaranteed by THE FEDERAL REPUBLIC OF GERMANY, is now increased by a further GBP650m, bringing the new total issue size to GBP3.2bn. The new tranche has a reoffer price of 101.875 to give a spread of +30bp over the 3.75% Sept-2019 UKT. Yield is 0.517%. Lead manager is BARCLAYS. Fees undisclosed. Pay date 9 November. Listing Luxembourg, Denoms 1k. German law. Off the issuer's EMTN programme. Fungible on settlement with existing deal originally launched 08 January 2015. ISIN XS1167129110.
Price Talk: Update: Final spread set @ UKT+30bp. Books in excess of GBP390m (excl JLM). Launched: GBP650m tbp at UKT+30bp. Final Books >GBP670m.
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