KfW to stretch dollar green curve, IADB out with debut Sofr FRN

By Burhan Khadbai
09 Sep 2019

KfW mandated banks for its longest ever dollar green bond on Monday, while the Inter-American Development Bank is taking indications of interest for its inaugural Sofr-linked floating rate note.

BNP Paribas, Citi and TD Securitieshave released initial price thoughts of mid-swaps plus 23bp area for KfW’s September 2029 green bond, which is being targeted at a size of at least $1bn.

“It was quite a surprise to see this,” said a head of SSA ...

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