KfW extends green bond curve with an ‘outstanding success’

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 ...

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