KfW launches 2020 increase

KfW Bankengruppe (KfW) (AAA/Aaa/AAA) has mandated TD Securities and Westpac Institutional Bank for an increase of its 6 per cent August 2020 Kangaroo bonds. The top-up will be priced in the near future, subject to market conditions. The 2020s are the longest-dated Kangaroo bonds KfW has on issue, with A$1 billion (US$98.6 million) outstanding.