Digital bond fusion: EIB teams up with Banque to set off atomic reaction

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By Lewis McLellan
29 Apr 2021

The European Investment Bank strode into the digital capital markets this week with a blockchain bond. While the bond itself was an important milestone, a key achievement of the trade was its use of a digital euro provided by the Banque de France for the cash settlement leg.

The bond itself was a €100m two year zero coupon. Goldman Sachs, Santander and Société Générale ran the books, fixing the spread at 12bp through mid-swaps. No information about the distribution of the bond was released, but lead bankers claimed there was third party involvement.

Société Générale Forge ...

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