GERMAN DEVELOPMENT agency Kreditanstalt für Wiederaufbau this week launched the latest in its series of Bund surrogates, a DM3bn two year money market instrument designed to offer an alternative to Bund Schätze. Since being awarded its 0% risk weighting from BaK, the German federal bank supervisory authority, KfW has joined issuers such as Fannie Mae, Cades and DePfa by embarking on a programme aimed at attracting German and international investors to its issues by providing highly liquid benchmarks.
January 30, 1998