Luxembourg Issues First Sovereign Benchmark Bond Using Blockchain Technology
1 report, 1 independent
Updated Wed 00:00
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What happened
The Luxembourg Ministry of Finance reported the successful placement of the first sovereign benchmark bond issued natively on distributed ledger technology (DLT). This tokenised bond has a nominal amount of €1.7 billion, a 3.70% coupon, and a ten-year maturity. The bond was issued through LuxCSD using Clearstream’s D7 DLT platform and is scheduled to be listed on the Luxembourg Stock Exchange.
From chronicle.lu
Why it matters
The issuance is described as a major innovation for Luxembourg’s financial centre and European capital markets. It demonstrates the country’s ability to combine technological innovation with legal certainty in support of sovereign funding.
From chronicle.lu
Who's involved
- LuxembourgThe sovereign issuer and jurisdiction for the bond placement.
- Gilles RothThe Luxembourgish Minister of Finance who reported the milestone.
- Luxembourg Stock ExchangeThe exchange where the new sovereign bond will be listed.
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The entities involved
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Luxembourg
country in Western Europe
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Luxembourg Stock Exchange
registration authority
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