Document Features
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Language: The document is written in German and English, indicating its use in international markets.
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Denomination: The bond has a denomination of CZK 25,000 (Czech Koruna).
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Issue Details:
- Total Amount: The total issue amount is CZK 1,000,000,000.
- Interest Rate: The bond offers an interest rate of 12.25%.
- Maturity Date: The bond matures in 2000.
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Design and Symbolism:
- Red Border and Background: The document features a red border and background, symbolizing importance and attention.
- Issuer Information: The document specifies KfW International Finance Inc. as the issuer, headquartered in Wilmington, Delaware, USA.
- Guarantee: The note is guaranteed for the payment of principal and interest by Kreditanstalt für Wiederaufbau.
- Stamp: The document is stamped "Specimen," indicating it is a sample of the issued bonds.
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Legal and Financial Terms and Conditions:
- 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 Rudiger Sass, 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), founded 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 nationally and internationally.
KfW International Finance Inc. was created to facilitate KfW's access to international capital markets, allowing it to raise funds for various development and investment projects. Issuing bonds like the 1997 note enables 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 highlighting the strategies employed by one of Germany's leading development banks to obtain international funding. Collectors and historians value these documents for their historical significance and role in the global financial system.