The Royal Bank of Scotland plc - Stabilisation Notice

LONDON--()--Regulatory News:

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

Kreditanstalt für Wiederaufbau KfW

Post-Stabilisation Notice

The Royal Bank of Scotland plc (contact: Rom Balax, +442070856268) hereby gives notice that no stabilisation (within the meaning of Article 3.2(d) of the Market Abuse Regulation (EU/596/2014)), was undertaken by the Stabilising Manager(s) named below in relation to the offer of the following securities.

Issuer:   Kreditanstalt für Wiederaufbau KfW
Guarantor (if any): Guaranteed by the Federal Republic of Germany
Aggregate nominal amount: GBP 100mm
Description: KfW 3/22s Tap XS1548459178
Stabilising Manager(s)



Offer price:

The Royal Bank of Scotland plc (co-ordinating stabilisation manager)

Merrill Lynch International


This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This announcement is not an offer of securities for sale into the United States. The securities referred to above have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There has not been and will not be a public offer of the securities in the United States.


The Royal Bank of Scotland plc
Rom Balax, +442070856268


The Royal Bank of Scotland plc
Rom Balax, +442070856268