The Luxembourg Ministry of Finance announced that the State Treasury has successfully placed Europe’s 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. The bond was issued through Luxembourg central securities depository LuxCSD using Clearstream’s D7 DLT platform. Spuerkeess acted as lead manager, issuing agent and paying agent, while a syndicate of banks placed the bond with international investors. Governed by Luxembourg law and denominated in euros, the bond will be listed on the Luxembourg Stock Exchange and is eligible as collateral in Eurosystem credit operations.
Luxembourg Ministry of Finance announces EUR 1.7 billion issuance of Europe’s first DLT-native sovereign benchmark bond
Luxembourg’s State Treasury has placed a EUR 1.7 billion, 10-year tokenized bond, described as Europe’s first sovereign benchmark bond issued natively on DLT infrastructure. The euro-denominated bond carries a 3.70% coupon, will be listed on the Luxembourg Stock Exchange and is eligible as collateral in Eurosystem credit operations.