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KfW issues its first high-volume benchmark bond as a central register security according to the German electronic securities act (eWpG) with a value date of 2 July 2024. The issuance was facilitated by Clearstream via Deutsche Börse’s digital securities platform D7. Clearstream is the post-trade business of Deutsche Börse Group. The KfW bond has a volume of €4 billion with a maturity of 3 years and a coupon of 2.75%.
Tim Armbruster, Treasurer at KfW, commented: “We are delighted to have successfully completed a second digital transaction, with a focus on further automating data generation and speeding up the issuance process, thus improving scalability. We thank Deutsche Börse for the constructive cooperation over the past months. It is important to us to provide key...
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