KfW and Bpifrance were the first public sector borrowers out of the blocks in euros following last Thursday’s European Central Bank meeting in which it unleashed its new comprehensive stimulus package.
KfW has picked Bank of
America, Barclays and Deutsche
Bank to lead a new seven year euro Reg S benchmark.
The German agency was heavily rumoured to be bringing a seven or 10 year euro
benchmark this week by SSA bankers.
“These are standard maturities for a benchmark by KfW,” said a head of