KfW talks five-year green bond offering at mid-swaps minus 2 bps

By Aleesia Forni

Virginia Beach, Oct. 6 – KfW (Aaa/AAA/AAA) set price talk for a planned five-year offering of green bonds on Monday in the area of mid-swaps minus 2 basis points, according to a market source.

The bookrunners are BofA Merrill Lynch, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC.

The notes will be guaranteed by the Federal Republic of Germany.

Proceeds will be used in KfW’s general business.

The German government-owned development bank is based in Frankfurt.

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