KfW lines up at short end of hot dollar mart

By Lewis McLellan
07 Apr 2021

KfW will be the next public sector issuer joining the action in the dollar bond market. It has picked banks for a two year bond, taking advantage of hefty swap spreads at the short end of the curve. The trade follows a slew of longer dated deals on Wednesday.

KfW selected Barclays, Citigroup and TD Securities to run the books for an April 2023 global benchmark. The leads set initial price thoughts flat to mid-swaps — among the tightest starting points of the year.

KfW will be joined by a $1bn three year and a ...

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