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

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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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