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KfW is the first issuer to have launched a digital fixed-income bond in the form of central register security based on the German Electronic Securities Act (eWpG). Together with Clearstream, the post-trade service provider of Deutsche Börse Group, KfW has thus taken a forward-looking step towards the digitalisation of securities issuance in the largest capital market segment – fixed income.
The issue was carried out by Clearstream on Deutsche Börse’s D7 digital post-trade platform. The transaction involves a bond with a volume of EUR 20 million, a term of two years and a coupon of 2.381%. Deutsche Bank acted as lead manager for this transaction, and Hengeler Mueller as legal advisor. “Digitalisation is a central component of our KfWplus strategy adopted in April. It is...
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