KfW Rely on the safe haven - Investor presentation
Management of proceeds
Transparent tracking
1
Green bonds in
several currencies
and sizes
2
Separate euro
register for each calendar
year
3
Amount equal to net proceeds
allocated to disbursements of
eligible
green projects
On a monthly basis, amounts matching requests for disbursements under eligible KfW programmes are allocated to an internal register. If
Eligible Green Projects from the last quarter of a given calendar year have not been allocated to a green bond by year-end, KfW may allocate
those eligible green projects to green bonds issued in the following calendar year.
C 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 and is subject to the framework applicable at the time of 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.
Net proceeds from issuance
KFW Rely on the safe haven - Investor presentation / April 2024
Green bond register
Loans for eligible KfW programmes
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