KfW
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German issuer raised a whopping €9bn while two other SSAs together grabbed €2.5bn -
The two deals are priced off different benchmarks
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KfW announces ‘rather unusual’ euro dual trancher after revealing large programme last month
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German development bank looks to fund €90bn-€95bn, the higher end of what was expected
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Germany faces funding shortfall for 2024 but problem extends beyond Bunds to agencies and Länder
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€89.5bn funding complete; dollar pipeline to fill
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Issuer has funded almost 98% of its annual target with no new benchmark expected for rest of 2023
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Issuers duck in ahead of US inflation data across range of maturities
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Pair to slip through narrow issuance window as others expected to wait on sidelines
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Pre-funding unlikely as issuers look to complete year's borrowing in fraught markets
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Supra to price two tranches as IDA mandates for sterling and Scandi issuer returns to dollars
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Policy bank to issue about €15bn this quarter
