KfW Treasury’s Post

💰 We are increasingly focusing on larger transactions 📈     In recent years, we have observed a growing emphasis from our institutional #fixedincome investors on large-volume, highly standardized KfW bonds. This trend aligns with our strategic decision to prioritize larger transaction volumes, enhancing efficiency and scalability. The shift is evident in the average volume of our new primary market transactions – across all currencies, including re-openings, MTNs, and private placements. While our average overall transaction volume was below €100 million in the mid-2000s, it has surged to over €500 million today. As a result, the number of our annual primary market transactions has significantly decreased, from over 600 to under 150 this year. At KfW, we take pride in our two benchmark programs in euros and US dollars, which represent our largest debt offerings – with a minimum size of €3 billion or $3 billion in new lines. Our latest initiative in these signature programs is to increase the issuance limit of our EUR benchmark bonds to €8️⃣ billion (after increases) starting in 2025, up from the previous cap of €7 billion. To learn more about our latest initiatives in #debtcapitalmarkets this year and our DCM funding outlook for 2025, check out our latest #capitalmarkets press release 👉 https://lnkd.in/giCGk9pt #Funding2024 #SSA #SafeHaven #FundingOutlook #Outlook2025

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