HEAD TO HEAD: KfW reloads for stimulus plan

KfW, the German development bank, is one of our market’s hungriest borrowers having raised Eu14bn in January — with another Eu58bn to go this year — and it has just been given new, economically stimulating things to do by the German Finance Ministry. EuroWeek’s Joanne O’Connor and John Orchard asked KfW board member Günther Bräunig about these new tasks, how borrowing on this scale in a nervy and newly congested SSA market works and which banks they pick to help them do it. EuroWeek discovers a pragmatic tolerance of the investment banks’ plight and rewards in store for those which can bring new pockets of investors.