KfW wins support as investors place their faith in core euro zone countries
KfW won plaudits from sovereign agency bankers this week for a Eu5bn five year benchmark which hit a perfect window for launch and pricing on Tuesday, well ahead of the extreme volatility that hit the market later in the week.
The issue was lead managed by Barclays Capital, DZ Bank and JPMorgan.
Demand from central banks represented 34% of the book, a number that pleased KfWs head of capital markets Horst Seissinger.
"This is very good compared to the last two years when our euro benchmarks have typically had lower
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.