Document Features
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Language: The document is written in English, indicating its use in international markets, particularly the United States.
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Denomination: The bond has a denomination of ITL 50,000,000 (Italian Lire).
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Issue Details:
- Total Amount: The total issue amount is ITL 300,000,000,000.
- Interest Rate: The bond offers an interest rate of 8.75%.
- Maturity Date: The bond is due on June 11, 2001.
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Design and Symbolism:
- Green Border and Background: The document features a green border and background, symbolizing trust and stability.
- Issuer Information: The document specifies KfW International Finance Inc. as the issuer, with its location in Wilmington, Delaware, USA.
- Guarantee: The note is guaranteed for payment of principal and interest by Kreditanstalt für Wiederaufbau.
- Stamped: The document is stamped "Specimen" indicating it is an example of the issued bonds.
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Legal and Financial Terms:
- The document includes detailed terms and conditions regarding the rights and obligations of the holder, governed by the laws of the State of New York and the Federal Republic of Germany.
- It specifies the role of Deutsche Bank Aktiengesellschaft as the fiscal agent.
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Signatures:
- The note is signed by Gerhard Lewark, Vice President of KfW International Finance Inc., and a representative of Deutsche Bank.
History of KfW International Finance Inc.
KfW International Finance Inc. is a subsidiary of Kreditanstalt für Wiederaufbau (KfW), established in 1948 to support the reconstruction of the German economy after World War II. Over the years, KfW has become a key player in financing development projects both domestically and internationally.
KfW International Finance Inc. was created to facilitate KfW's access to international capital markets, enabling it to raise funds for various development and investment projects. The issuance of bonds like the 1996 note allows KfW to secure the necessary capital to finance long-term projects that contribute to economic development and sustainability.
Conclusion
This bond is not just a financial document but a piece of history that highlights the strategies employed by one of Germany's premier development banks to secure international funding. Collectors and historians value these documents for their historical significance and their role in the global financial system.