All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group

KfW returns with classic global but swap spreads may constrain supply

German agency KfW printed on Tuesday the only the second SSA dollar global benchmark since July. The deal starved dollar market took the paper 2bp through initial price thoughts. But senior SSA bankers suspect the meagre returns to US Treasuries that the sector can offer investors may hinder forthcoming supply.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree