Published on 7/27/2021 in the Prospect News Green Finance Daily.
New Issue: KfW sells £500 million tap of 0.875% green bonds due 2026 at 101.278
By Rebecca Melvin
Concord, N.H., July 27 – KfW priced a £500 million tap of its 0.875% green bonds due Sept. 15, 2026 at 101.278, according to a post-stabilization notice on Tuesday.
Bank of Montreal Europe plc, Citigroup Global Markets Europe AG and Deutsche Bank AG were bookrunners of the deal.
The company sold £650 million of the bonds due Sept. 15, 2026 on July 24, 2019.
KfW is a state-owned development bank based in Frankfurt. The notes will be guaranteed by the Federal Republic of Germany.
| Issue: | Kreditanstalt fur Wiederaufbau, or KfW
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| Guarantor: | Federal Republic of Germany
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| Issue: | Green bond tap
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| Amount: | £500 million
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| Maturity: | Sept. 15, 2026
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| Bookrunners: | Bank of Montreal Europe plc, Citigroup Global Markets Europe AG and Deutsche Bank AG
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| Coupon: | 0.875%
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| Price: | 101.278
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| Announcement date: | July 27
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| Distribution: | Regulation S
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| Total deal size: | £1.15 billion, including £650 million priced on July 24, 2019
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