EIB settles €100 million digital bond on private blockchain

Cointelegraph

Published Nov 29, 2022 10:45AM ET

Updated Nov 29, 2022 12:20PM ET

According to a new press release on Nov. 29, the European Investment Bank, or EIB, issued a first-ever euro-denominated €100 million digital bond on a private blockchain-underpinned platform with tokenization help from Goldman Sachs (NYSE:GS).

The latter, along with Société Générale Luxembourg, also act as the on-chain custodians for the financial instrument. The bond bears interest at a coupon rate of 2.57% per year with a maturity date of Nov. 29, 2024, and is governed by Luxembourger laws.

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