KfW cuts funding requirement by €10bn

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By Lewis McLellan
02 Jul 2020

KfW has slashed €10bn from its 2020 funding requirement, and will spend much of the second half of the year focusing on dollars and on green bond issuance.

The new requirement for 2020 is €65bn, of which it has €29bn remaining to raise.

Thanks to the ECB’s newest round of Targeted Longer-Term Refinancing Operations, KfW has been able to reduce its borrowing needs for the year. The agency raised €13.4bn with the instrument, accessing it for ...

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