KfW in the news

• MTN investors on hold ahead of election

  A number of MTN investors are waiting for the result of the US election before committing themselves to the market, meaning next week is set to be a quiet one.

  • 23 Oct 2020

• KfW EUR3bn 0% Dec 27

  • 15 Oct 2020

• Euro SSA market strong ahead of EU arrival

  It was a moderate week for supply in the primary euro public sector bond market but the issuers that did come found ample demand, setting up a decent backdrop for the expected arrival of the European Union’s big borrowing programme next week.

  • 15 Oct 2020

• KfW and Paris score in quiet euro SSA market ahead of EU’s arrival

  KfW and Ville de Paris grabbed the attention of investors at the opposite ends of the euro curve on Tuesday in what has been a thin week for issuance in the currency by public sector borrowers ahead of the expected arrival of the EU’s first syndicated bond under its Support to Mitigate Unemployment Risks in an Emergency (SURE) funding programme next week.

  • 13 Oct 2020

• KfW readies seven year euro benchmark

  KfW mandated banks for a seven year euro benchmark on Monday, a deal which was already expected to arrive this week and could well be the German agency’s final public deal in the currency this year.

  • 12 Oct 2020

• KfW rumoured for next week as Saxony sells only half of seven year bond

  KfW could be set to hit screens with a euro benchmark next week in what may be its final public deal in the currency this year, according to bankers. The bond is likely to come with a seven year maturity, a tenor that the Free State of Saxony struggled with on Thursday, finishing with the book only around half covered.

  • 08 Oct 2020

• Funding scorecard: European supranationals and agencies

  This week's funding scorecard looks at the progress of Europe's supranationals and agencies at the start of the fourth quarter.

  • 05 Oct 2020

• BNG prints longest ever sustainability bond

  Bank Nederlandse Gementeen kicked off a busy week for socially responsible bond issuance by public sector borrowers with a well-received 12 year sustainable bond, its longest ever deal in that format.

  • 01 Oct 2020

• SSA secondary pricing update: OTFT dual tranche performs strongly

  Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, September 28. The source for secondary trading levels is ICE Data Services

  • 29 Sep 2020

• Cades and IDA set new size records

  Caisse d’Amortissement de la Dette Sociale (Cades) and the International Development Association set new size records this week, with the former bringing the biggest ever social bond in dollars and the latter issuing its biggest ever bond since entering the capital markets in 2018.

  • 17 Sep 2020

• Cades debuts social framework in dollars

  French agency Cades and the International Development Association returned to the dollar market for the first time since the summer break on Tuesday to bring a pair of five year socially responsible deals.

  • 15 Sep 2020

• Cades lines up first dollar social bond

  French agency Cades will debut its social bond framework in dollars on Tuesday, less than a week after it raised the largest ever bond in the format with its inaugural issue in euros. It will share the market with the International Development Association (IDA), which is preparing to kick off its 2020/21 funding year with a sustainable development benchmark of its own.

  • 14 Sep 2020

• Tui bondholders agree to KfW rescue loan

  German travel company Tui’s bondholders have agreed to suspend limits on the debt the company can incur, opening the door to a rescue loan from KfW and a convertible bond injection from the German government's economic stability fund.

  • 10 Sep 2020

• Euro SSA market reopens with all eyes on EU juggernaut

  Public sector borrowers found themselves in a tricky position as they returned to the primary euro market this week as they attempted to strike a balance between current secondary levels and where the market is heading with the arrival of the European Union’s giant borrowing programme from September.

  • 27 Aug 2020

• KfW comes flat to EIB as KommuneKredit prints 20 year green

  The primary euro public sector bond market continued its busy week on Thursday with KfW and KommuneKredit issuing new 10 and 20 year deals, respectively.

  • 27 Aug 2020

• RV or FV? Bankers keen to see KfW’s opening level for euro 10 year

  After KfW mandated banks on Wednesday to join the 10 year euro flurry, the question on the minds of market participants is at what level the Germany agency will choose to start at with such a wide differential between relative and fair value.

  • 26 Aug 2020

• KfW USD2bn 0.75% Sep 30 green bond

  • 20 Aug 2020