KfW grows greens with biggest ever sale

By Burhan Khadbai
15 May 2019

Investors proved they were able to digest KfW's largest green bond yet on Tuesday. Deals in the billions of euros are set to become the norm for the Issuer as it looks to size its green trades closer to its conventional benchmarks.

Leads Bank of America, Crédit Agricole and UniCredit priced a no-grow €3bn May 2027 green bond for KfW with a spread of mid-swaps minus 21bp, 3bp tighter than guidance.

The final book was not disclosed but a syndicate banker at one of the leads said ...

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