KfW said demand for the bonds hit $2.5bn, with proceeds linked to the bank’s renewable energies programme.
KfW claimed its securities are unique in the emerging green bond market because of the transparency of the impact of the investments, for example in terms of emissions reduction.
The bonds have a 5-year maturity and a coupon rate of 1.75%. KfW claimed "strong demand from US investors with a focus on socially-responsible investments".
Ashley