Читать книгу The Sterling Bonds and Fixed Income Handbook - Mark Glowrey - Страница 15

The German government-owned development bank, KFW, is based in Frankfurt and was formed after WWII as part of the Marshall Plan to rebuild the then shattered Germany. Effectively a German state credit. The bonds are AAA-rated and trade tightly to gilts. As with all large financial organisations, KFW raises finance across the international financial markets, including the sterling bond market in order to better diversify its funding base.