KfW extends green bond curve with an ‘outstanding success’

Dollars_spread_Fotolia_230x150
By Burhan Khadbai
10 Sep 2019

KfW won huge praise from on-looking bankers for a curve extending and rare 10 year dollar green bond on Tuesday. The Inter-American Development Bank (IADB) and Österreichische Kontrollbank (OeKB) also enjoyed success in the dollar primary market with three year trades, with the former selling its debut Sofr-linked floating rate note.

Following initial price thoughts of mid-swaps plus 23bp area on Monday, leads BNP Paribas, Citi and TD Securities opened the books on Tuesday morning with guidance of mid-swaps plus 22bp area and over $3bn of indications of interest.

Just two hours later, final terms were ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.