KfW Bank - 100M EUR Token

KFW100M


Price
$1.00 USD (0%)

24h Volume
0.00

Market Cap
$108,000,000

Last Trade
November 10, 2024

Last Trade
November 10, 2024
KfW Bank - 100M EUR logo

KFW100M Market Cap & Volume

Source: STM.co

Trading History

Login to see full trading history

Login Register

Terms

Fundraise Information

Total Raise $108,000,000 USD
Soft Cap -
Raise Status Closed
Minimum Investment -
Accepted Investors International Accredited
Exemptions N/A
Instrument Bond
Token Issuance Info Institutional Transaction

Token Information

Price Per (KFW100M) $1 USD (0%)
Token Issuance Platform Cashlink Technologies GmbH
Secondary Marketplace Cashlink Technologies GmbH
Blockchains Available On Polygon
Security Type Fixed Income
Asset Class Debt
Payment Options Other

Token Rights

3.125% Coupon

About

Overview

KfW Bank has issued previous bonds on-chain, including a 4 billion euro bond, however used a central securities depository (CSD). This bond excludes that component, issued on Polygon as the distributed registry which is compliant under the German Electronic Securities Act (eWpG). They call them "crypto securities." KfW placed particular emphasis on investor engagement in its first crypto security bond. The transaction was therefore accompanied by a bookrunner consortium consisting of DZ BANK AG, Deutsche Bank AG, LBBW and Bankhaus Metzler, which holistically represents the four pillars of the German banking system.

Issuer(s): KfW Bank
Date: 7/4/2024
Country/Jurisdiction: Germany
Size (Native Currency): 100M Euros
Size (USD): $108M
Length: 17.2 Months
Interest Rate: 3.125%
Ratings: Moody's: Aaa, S&P: AAA, Scope: AAA

During the preceding eight-week period, the bookrunner consortium also organized an intensive exchange of knowledge on the special features of the transaction with potential European investors, which enabled the following investors to be won, among others: Berliner Volksbank, DekaBank, LBBW, Solventis AG, Sparkasse Pforzheim Calw, WI Bank. In addition, Union Investment, as an important anchor investor, has accompanied the transaction in a partnership from the outset.

Highlights

This listing is for informational purposes only, highlighting the issuance information. Trading data is currently unavailable

Click Here for Article