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Issuer returns to market with 10th euro social bond, reaches 56% funded
Head of funding Sven Wabbels and senior funding manager Jörg Graupner on KfW's recent euro deal
French agency remains ahead of the curve in its third biggest year for fundraising, may bring another trade before summer
◆ Intraday trade, quick execution ◆ Deal came ahead of Moody’s France review ◆ ‘Good window’ also considering OAT auctions next week
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Busy and ‘euro-heavy’ week ahead but dollar pipeline also building with issuers set to bring forward bond plans
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◆ New issue premium debated ◆ Rival bankers praise outcome ◆ Secondary performance mulled
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◆ Nine years, 10 social inclusion euro bonds issued ◆ Social 'leadership' demonstrated with new deal ◆ Minimal premium paid, but fair value a 'challenge'
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◆ 'Cautious' start say some market participants ◆ New issue premium debated ◆ Price and size praised by rivals
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Defensive approach on Tuesday amid market uncertainty
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Busy Thursday ahead as five euro and dollar benchmarks set to price after a slow March