Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

KfW funding activities defy volatile markets

04.07.2012
- Strong demand for KfW bonds in changeable capital market environment
- Funding volume of EUR 80 billion confirmed in 2012
- Solid funding contributes to fulfilment of promotional mission
In a strongly shifting market environment in the first half of
2012 KfW held its own in its funding activities. As of 30 June 2012 already about EUR 50.4 billion in funding for promotional business was raised on the international capital markets.

The first half of 2012 was marked by two quarters that could not have been more different. While the first three months were dominated mostly by a positive market sentiment, thereby allowing a noticeable easing on the part of financial market actors, the second quarter was strongly shaped by returning insecurity and high volatility. However, KfW was successful with its funding in both quarters. "We are very pleased with the development thus far in our funding activities. We have already raised nearly two thirds of our planned funding volume for the entire year on the international capital markets. This success confirms the unabated demand for bonds of first-class issuers such as KfW", explained Dr Günther Bräunig, the member of the Executive Board of KfW Bankengruppe in charge of capital markets.

The KfW Benchmark programmes in EUR and USD constitute the most important pillar with a share of over 60% of total funding. This illustrates that investors continue to prefer large volume and, in particular, highly liquid bonds. Already in the first half of the year, KfW was able to successfully issue benchmark bonds in both EUR and USD in all benchmark maturities, especially in the long end of the curve. Of note here is that in particular Asian central banks are investing even more heavily than last year in KfW euro bonds.

In total KfW issued securities in more than 120 individual transactions year-to-date. International investors again made increasing use of the currency range offered by KfW. Until now KfW has issued bonds in 14 different currencies (1st half of 2011: 10 currencies), including for the first time a bond in Chinese renminbi on the Hong Kong financial market. In this way KfW has again expanded its product range and further diversified its funding overall. "With this RMB issue we have taken an important first step in a promising market. We are closely watching the development of the Chinese capital markets due to their globally increasing importance," said Bräunig.

As a result of the regularly performed mid-year review of its annual funding requirements, KfW is maintaining its funding volume of EUR 80 billion for the year 2012 as a whole.

It has to be assumed that also in the second half of 2012 the sovereign debt crisis will remain a determining factor on the financial markets. KfW's funding strategy allows the bank to always react flexibly, even in highly diverse market situations. While in the current environment banks must fundamentally rearrange their capital-market based funding structure, KfW can continue to rely on its established refinancing mix based on the three pillars: benchmark programmes, public bonds and private placements. "In a shifting environment KfW thereby stands for continuity and stability," explained Bräunig. "I am convinced that our investors value the product range and the reliability of KfW's capital market activities. Thus our solid funding contributes to the fulfilment of our promotional mission".

Detailed figures on KfW's funding in the first half of 2012 are available under www.kfw.de/funding.

Pressekontakt:
KfW, Palmengartenstraße 5-9, 60325 Frankfurt Kommunikation (KOM), Nathalie Drücke, Tel. 069 7431-2098, Fax: 069 7431-3266,

E-Mail: nathalie.dreucke@kfw.de, Internet: www.kfw.de/newsroom

Nathalie Drücke | presseportal
Further information:
http://www.kfw.de

Further reports about: Bräunig Chinese herbs KfW KfW Bankengruppe capital markets

More articles from Business and Finance:

nachricht Microtechnology industry is hiring – positive developments of past years continue
09.04.2018 | IVAM Fachverband für Mikrotechnik

nachricht RWI/ISL-Container Throughput Index with minor decline on a high overall level
20.03.2018 | RWI – Leibniz-Institut für Wirtschaftsforschung

All articles from Business and Finance >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: AchemAsia 2019 will take place in Shanghai

Moving into its fourth decade, AchemAsia is setting out for new horizons: The International Expo and Innovation Forum for Sustainable Chemical Production will take place from 21-23 May 2019 in Shanghai, China. With an updated event profile, the eleventh edition focusses on topics that are especially relevant for the Chinese process industry, putting a strong emphasis on sustainability and innovation.

Founded in 1989 as a spin-off of ACHEMA to cater to the needs of China’s then developing industry, AchemAsia has since grown into a platform where the latest...

Im Focus: First real-time test of Li-Fi utilization for the industrial Internet of Things

The BMBF-funded OWICELLS project was successfully completed with a final presentation at the BMW plant in Munich. The presentation demonstrated a Li-Fi communication with a mobile robot, while the robot carried out usual production processes (welding, moving and testing parts) in a 5x5m² production cell. The robust, optical wireless transmission is based on spatial diversity; in other words, data is sent and received simultaneously by several LEDs and several photodiodes. The system can transmit data at more than 100 Mbit/s and five milliseconds latency.

Modern production technologies in the automobile industry must become more flexible in order to fulfil individual customer requirements.

Im Focus: Sharp images with flexible fibers

An international team of scientists has discovered a new way to transfer image information through multimodal fibers with almost no distortion - even if the fiber is bent. The results of the study, to which scientist from the Leibniz-Institute of Photonic Technology Jena (Leibniz IPHT) contributed, were published on 6thJune in the highly-cited journal Physical Review Letters.

Endoscopes allow doctors to see into a patient’s body like through a keyhole. Typically, the images are transmitted via a bundle of several hundreds of optical...

Im Focus: Photoexcited graphene puzzle solved

A boost for graphene-based light detectors

Light detection and control lies at the heart of many modern device applications, such as smartphone cameras. Using graphene as a light-sensitive material for...

Im Focus: Water is not the same as water

Water molecules exist in two different forms with almost identical physical properties. For the first time, researchers have succeeded in separating the two forms to show that they can exhibit different chemical reactivities. These results were reported by researchers from the University of Basel and their colleagues in Hamburg in the scientific journal Nature Communications.

From a chemical perspective, water is a molecule in which a single oxygen atom is linked to two hydrogen atoms. It is less well known that water exists in two...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

VideoLinks
Industry & Economy
Event News

Munich conference on asteroid detection, tracking and defense

13.06.2018 | Event News

2nd International Baltic Earth Conference in Denmark: “The Baltic Sea region in Transition”

08.06.2018 | Event News

ISEKI_Food 2018: Conference with Holistic View of Food Production

05.06.2018 | Event News

 
Latest News

A sprinkle of platinum nanoparticles onto graphene makes brain probes more sensitive

15.06.2018 | Materials Sciences

100 % Organic Farming in Bhutan – a Realistic Target?

15.06.2018 | Ecology, The Environment and Conservation

Perovskite-silicon solar cell research collaboration hits 25.2% efficiency

15.06.2018 | Power and Electrical Engineering

VideoLinks
Science & Research
Overview of more VideoLinks >>>