Issuers jostle in crowded 10 year market

By Lewis McLellan
20 Aug 2020

KfW began a new wave of 10 year supply this week, reopening the SSA market’s trickiest tenor for business. Issuers are so eager to access the maturity that they are having to jockey for position.

KfW printed a $2bn green bond on Tuesday, pricing the trade at mid-swaps plus 16bp with an impressive order book of over $6.7bn. 

World Bank was quick to follow, having seen KfW clock up 

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