KfW
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Issuer estimated 2bp of premium, while onlooking bankers saw 0bp-2bp
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Onlooking SSA bankers said KfW had landed tight pricing for new three year
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Deal sets a pricing benchmark for SSA dollar green bonds in 2024
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Are EU bonds too cheap, or are the likes of EIB and KfW too expensive?
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Two other German SSAs bring deals on same day
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Signs of indigestion in the market after record buying from investors
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‘Textbook’ trade takes place in an otherwise quiet market
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Issuers and bankers debate whether pricing against swap rates will become the norm or remain an exception
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'Sensible' pricing 'paid dividend' says lead
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Issuer has already funded about 12% of its annual target in just three days
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‘Very, very strong’ first week sets up bigger test ahead
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German issuer raised a whopping €9bn while two other SSAs together grabbed €2.5bn