KfW
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Bond market will closely watch debate on the debt brake in an election year -
Bloc set to lean on auctions to help achieve next year's borrowing task
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German agency aims to raise around 15% of 2025 target via green bonds as it sets upper limit on tapping euro benchmarks
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Both the EU and KfW are due to announce funding plans this week
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KfW first to return to the primary market with opportunistic sterling tap
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◆ Only €5bn left of €80bn funding task ◆ Dollars and smaller currencies on the menu ◆ ‘Right demand, right product, right time’
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◆ Three year bond cost ‘flattish to euros’ ◆ Tight Treasury spread? No bother ◆ €10bn left to do of €80bn target
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◆ KfW issues its final dollar benchmark of 2024 ◆ Dollar cost improved but remains pricier than euros ◆ Agency peers BNG, KBN also found support
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◆ Transaction ‘complements’ short end sterling trend ◆ Development bank prices flat to curve ◆ A book size ‘which you don’t see every day in the sterling market’
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Fast money goes missing as issuers try to sell at tight spreads
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◆ Greenium in play ◆ Smaller book, right price, 'happy days' ◆€10bn green issuance target met
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◆ OeKB jumps in early window ◆ Deal was its longest in sterling ◆ KfW finds window for small tap
