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KfW to price $3 billion five-year green notes; price talk mid-swaps plus 21 bps area
By Devika Patel and Cristal Cody
Knoxville, Tenn., Oct. 12 – KfW (Aaa/AAA/AAA) plans to price a $3 billion no-grow offering of five-year green notes on Wednesday, according to a source.
The notes are initially talked to price with a spread in the mid-swaps plus 21 basis points area.
BofA Securities, HSBC and TD Securities are the bookrunners.
KfW is a government-backed bank based in Frankfurt.
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