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Investor Relations

Information on KfW's refinancing activities for U.S. Investors

KfW is one of the most active, high-volume issuers of bonds and notes worldwide on the international capital markets with an annual issuance volume equivalent to an average of EUR 60-80 billion. Since 1987, KfW has been active in the U.S. capital market and has debt securities registered with the United States Securities and Exchange Commission (the "SEC") under Schedule B of the U.S. Securities Act of 1933 applicable to foreign governments and political subdivisions thereof.

SEC registration

In connection with the registration of its debt securities in the United States, KfW files various documents with the SEC, including voluntary filings on Form 18-K, prospectuses relating to its debt securities and free writing prospectuses.

Click here to access the documents KfW files with the SEC

"Green Bonds - Made by KfW"

"Green Bonds - Made by KfW"

KfW has been issuing green bonds since mid-2014, including USD-denominated issuances registered with the SEC under its global debt programme. This gives investors the option to specifically combine the security and liquidity typical for KfW bonds with the promotion of environmental and climate protection.

"Green Bonds - Made by KfW": Mode of operation

Green Bond Reporting

Latest Publications

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Reporting:Released in:
Management of ProceedsNot applicable, as no SEC registered green bonds was issued in 2018.
Environmental and Social ImpactJuly 2018

All Green Bond Reportings

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Management of Proceeds2017
Environmental and Social Impact2015 & 2016

List of "Green Bonds - Made by KfW" registered with the SEC


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KfW Group

Investor Relations

Palmengartenstraße 5-9

60325 Frankfurt am Main



+49 69 74 31-22 22


+49 69 74 31-39 86



Bloomberg: KfW