KfW joins long bond club with blowout Eu5bn 15 yr

13 Jan 2006

KfW launched its first ever 15 year euro benchmark bond this week, and bankers are already describing the Eu5bn issue as a contender for deal of the year.

Not content with that, KfW took advantage of a buoyant dollar market to raise $3bn with its largest five year dollar benchmark since 2002.

Debt capital markets bankers have been trying to persuade the German development bank to issue beyond 10 years for a long time, but it has ...

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