KFW is a German state-owned promotional bank that provides financing for projects in developing and emerging countries, as well as supporting sustainable development and climate action initiatives in Germany and abroad.
A recent financial market overview highlights a notable bond issuance (ISIN: XS2345175546) from KfW, an institution of significant global financial standing; KfW, as Germany's state-owned development bank, 80% owned by the Federal Republic of Germany and 20% by the German federal states, operates with a core mandate to foster economic development and social progress through diverse financing activities spanning environmental protection, infrastructure, and support for small and medium-sized enterprises, notably benefiting from the full faith and credit guarantee of the Federal Republic of Germany, which imbues its debt instruments with an exceptionally high credit quality; this specific bond, issued from Germany, currently trades at 100% of its par value on the market, denominated in South African Rand (ZAR), offers an annual coupon interest rate of 7.65% with payments scheduled once per year, and represents a total issuance size of ZAR 150,000,000, with a minimum investment lot of ZAR 2,000,000, maturing on May 28, 2028.
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