Bond issuance platform, Onbrane, has onboarded KfW, the national development bank of Germany, and processed the first KfW’s first Euro commercial paper via Onbrane’s platform with its program dealer ING.
“By using Onbrane`s platform, we are creating an ‘one-stop’ digital interface to our partner banks, which will enable us to manage our issuance processes even more efficiently”, says Markus Schmidtchen, head of treasury at KfW. “This contributes to the further automation of our processes and an increased level of digitalisation. Today’s successful transaction with our dealer bank ING confirmed the advantages of the platform.”
KfW’s treasury is looking to manage parts of the company’s EUR 90 billion commercial paper program through Onbrane to improve the efficiency of the issuance workflows with its bank counterparties, eliminating execution complexities and operational risks.
“Welcoming KfW on our platform is an important milestone in the life of Onbrane. It is confirmation of Onbrane’s leadership in digitalizing the global primary debt market. We have been impressed by KfW treasury team’s vision, innovative thinking and drive. At Onbrane, we are on a mission – ‘build a better, more sustainable primary debt market’. We are thankful and excited to have KfW on Onbrane, supporting us in our mission,” says Pascal Lauffer, CEO at Onbrane.
Onbrane, headquartered in France, covers vanilla, sustainable, and asset-backed debt products. It aims to improve debt negotiation and issuance processes for public, private, and financial institutions.
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