Invest in the Future. Transform it now.
Management of proceeds
Transparent tracking
Green bonds in
Net
proceeds
from
issuance
several currencies
and sizes
Green bond
register
Separate euro
register for each
calendar year,
first-in → first-out
Loans for
eligible KfW
programmes
Amount equal to
net proceeds allo-
cated for disburse-
ments of eligible
green projects
On a monthly basis, amounts matching requests for disbursements under eligible KfW programmes are allocated to an internal register
starting with the beginning of the calendar year.
Upon issuance of "Green Bonds - Made by KfW", an amount equal to the net proceeds in euros of such transactions is allocated to this
internal register in their order of issuance.
For any "Green Bonds - Made by KfW", KfW expects full allocation by end of the year of issuance.
"Green Bonds - Made by KfW" can be increased (tapped). In terms of management of proceeds and reporting a tap is treated like a new
issuance.
The volume-weighted average maturity of the cumulated green bonds issued in one year may not exceed the average duration of the
cumulated loan commitments for eligible green projects of the preceding year.
KFW Invest in the Future. Transform it now. / November 2023
29
29View entire presentation