The Luxembourg Ministry of Finance announced that the State Treasury has placed the first sovereign benchmark bond issued natively on distributed ledger technology infrastructure. The EUR 1.7 billion tokenized bond carries a 3.70% coupon and has a 10-year maturity, marking a new step in the modernization of Luxembourg’s sovereign funding strategy. The bond was issued through Luxembourg central securities depository LuxCSD using Clearstream’s D7 DLT platform. Governed by Luxembourg law and denominated in euros, it will be listed on the Luxembourg Stock Exchange and is eligible as collateral in Eurosystem credit operations. Spuerkeess acted as lead manager, issuing agent and paying agent, with five other banks participating in the syndicate and helping place the bond with international investors.
Luxembourg Ministry of Finance announces EUR 1.7 billion first sovereign benchmark bond issued natively on DLT infrastructure
The Luxembourg State Treasury has placed a EUR 1.7 billion, 10-year sovereign benchmark bond issued natively on distributed ledger technology infrastructure. The 3.70% bond was issued through LuxCSD using Clearstream’s D7 platform and is eligible as collateral in Eurosystem credit operations.