KfW cuts funding target for 2020, eyes Sonia and Sofr
KfW has announced a smaller borrowing programme for next year, joining a number of other public sector borrowers also set to borrow less in 2020.
It plans to raise €75bn, down from its €80bn target this year, KfW’s highest funding volume since 2011. After making its €str bond debut in November, KfW will sell its first trades linked to Sonia and Sofr.“Bonds with variable interest rates represent merely a supplement to ...
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