KfW
-
-
A first three year dollar benchmark from World Bank in several years won universal acclaim this week. But, more importantly, it showed the potential of a new bid from the US.
-
The World Bank will test the short end in dollars on Wednesday, after a pair of issuers came at opposite ends of the curve on Tuesday.
-
KfW has mandated banks for a 10 year dollar benchmark, keeping up a trend by SSAs to print at the longer end of the curve. -
Less than a year after entering the green bond market as an issuer, KfW is planning to boost the sector from the buyside too.
-
KfW has taken a further step toward diversifying the green asset class by printing the largest ever Australian dollar green bond. But on the eve of new green bond guidelines being published on Friday, supply is still lacking, according to specialists.
-
Top tier supranational and agency issuers are likely to focus on dollar deals in the coming weeks because of tricky pricing metrics in euros, according to SSA bankers.
-
KfW equalled its largest ever size for a five year dollar benchmark on Thursday, in its first visit to the belly of the curve in over a year.
-
European investors showed up in force on Thursday for KfW’s debut green Kangaroo, which is also the largest green print ever in Australian dollars.
-
A German agency looks set to be the only SSA issuer to test demand in dollars this week, after mandating banks on Wednesday for a five year deal.
-
KfW has opened books on its first ever green Kangaroo bond, which is only the second syndicated deal in the format from an SSA issuer.
-
Demand for callable MTNs from sovereign, supranational and agency issuers has skyrocketed in 2015 but, when short term rates start rising in the US, investors could be left holding expensive paper. While many issuers will come to the rescue and buy back on demand, some buyers will have to live with their investment.
