KfW EUR5bn 0.375% Apr 25

• 19 Apr 2018

KfW breaks record in euro seven, EFSF tipped for long end

KfW drew its largest ever benchmark book this week while visiting the seven year tenor, a part of the euro curve that has been red hot for issuers for several weeks and that SSA bankers still has plenty to offer borrowers next week. The European Financial Stability Facility (EFSF) is lining up a deal for next week, although bankers are suggesting it looks at the long end.

• 19 Apr 2018

KfW takes sevens sweet spot as EFSF tipped to go long

KfW took home €5bn in the seven year part of the euro curve, which has been red hot for a few weeks, with bankers citing low second quarter supply as particularly supportive of conditions and suggesting there is plenty more interest for further trades in the tenor. The European Financial Stability Facility is lining up a deal for next week — although bankers are suggesting it looks at the long end.

• 18 Apr 2018

3CIF and Joint Laender close out stellar week in euros

Two SSA borrowers printed euro benchmarks on Thursday, rounding out one of the strongest weeks of issuance in the currency of the year.

• 12 Apr 2018

Schuldschein investors flex muscles, demand change to VW Immo terms

Volkswagen’s real estate arm has been forced to change the terms of its Schuldschein, after investors failed to flock to the deal. A borrower issuing a second round of terms or price guidance is rare in the Schuldschein market, but this happened to Telefonica Deutschland in January.

• 09 Apr 2018

CEB prints on the curve with second social inclusion bond

The Council of Europe Development Bank returned to the market for socially responsible investments on Tuesday, printing a seven year “social inclusion” bond.

• 20 Mar 2018

Helaba makes bold pitch to haul Schuldschein into 21st century

Helaba and VC Trade have launched a digital platform for Schuldschein issuance, in an ambitious attempt to cut costs for arrangers, issuers and investors alike, while making the market more transparent.

• 19 Mar 2018

Volkswagen Immobilien launches first green SSD of 2018

Volkswagen’s real estate arm launched a debut green Schuldschein on Wednesday, the first of the year.

• 15 Mar 2018

Land NRW breaks size record with sustainability bond

The German State of North-Rhine Westphalia came to market this week with its fourth sustainability bond. The bond is the issuer’s largest ever, narrowly outstripping several €2bn bonds at €2.025bn.

• 08 Mar 2018

Land NRW EUR2.025bn 0.95% Mar 28 sustainability bond

• 08 Mar 2018