Bloomberg Law
April 27, 2021, 9:56 PM

EU Investment Arm Sells Two-Year Notes in Debut Blockchain Deal

Maciej Onoszko
Maciej Onoszko
Bloomberg News

The European Investment Bank sold 100 million euros ($121 million) of two-year notes in an inaugural sale of so-called digital bonds that harness the power of blockchain.

The notes have a zero percent coupon and will be registered in the public Ethereum blockchain network after pricing Tuesday, according to information from a person familiar with the matter, who asked not to be identified because they’re not authorized to speak about it. The sale was managed by Goldman Sachs Group Inc., Banco Santander SA and Societe Generale AG, the person said.

The EIB has often been at the forefront of innovation ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.