KfW astonishes Swiss with a sub-Libor pair

23 Jul 2009

KfW this week issued the first sub-Libor agency paper in Swiss francs since October last year. It increased its August 2017 and October 2018 bonds by Sfr150m each at 12bp through mid-swaps via Credit Suisse.

The taps looked expensive compared with a four year dollar deal the issuer increased ...

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