Clifford Chance advises the EIB on its first GBP-denominated digital bond

en

International law firm Clifford Chance has advised the European Investment Bank (EIB) on the issuance of its first GBP-denominated natively digital bond, which priced today.

<< Back
01/02/2023 |
  • CliffordChance

The transaction will be the EIB's first digital bond to be issued using a combination of private and public blockchains and its second digitally native bond issuance under Luxembourg law following the EUR100 million fixed rate bond issued on 29 November 2022. Once issued on 2 February 2023, the GBP 50 million, two-year bond, which bears a floating rate of interest, will be registered on a private blockchain operated and accessed via the HSBC Orion Platform, while a public blockchain mirror record provides increased transparency on an anonymised basis. The bond is expected to be admitted to the Luxembourg Stock Exchange's Securities Official List.

Steve Jacoby, partner at Clifford Chance comments: "Having worked on the EIB's recent digital bond issuance, its first euro-denominated digital bond on a private blockchain, it was a pleasure to assist the EIB again on its latest innovative digital bond issuance denominated in GBP. It is exciting to see that two natively digital securities issuances on DLT infrastructure have now been successfully launched under Luxembourg law in a relatively short space of time."

"Once again the EIB has broken new ground and we are delighted to have been able to leverage our capital markets, regulatory and tech expertise to advise on this complex transaction", continues Alexander Tollast, Counsel at Clifford Chance.

The European Clifford Chance team advising the EIB comprised of Steve Jacoby, Marc Mehlen, Alexander Tollast, Thomas Guala Molino and Federica Gamen.

The joint lead managers (BNP Paribas, HSBC and RBC Capital Markets) were advised by Allen & Overy.

Back to top  | << Back

Communiqués liés

download
16/04/2024

Réseau ETRE est le nouveau lauréat du Degroof Petercam Fou...

Réseau ETRE remporte la sixième édition du Degroof Petercam Foundation Award....

Degroof Petercam
Job Shadow Day ALIPA
16/04/2024

Le Groupe ALIPA accueille une étudiante dans le cadre du Jo...

ALIPA Group, spécialiste du levage et de l’emballage industriel, a accueilli ...

ALIPA Group
Bryan Crawford - Quintet

Quintet lance le premier d’une série de nouveaux fonds e...

La banque privée européenne lance un fonds d’actions américaines sous gesti...

Quintet Private Bank
Left to right; Jin-yong Kim HyunYong Jung Jacques Flies Minwoo Kang (002)

Gcore opens the first H100-based data center in Korea - Part...

Gcore the global edge AI, cloud, network, and security solutions provider, will ...

GCore
Ayvens

ALD Automotive Luxembourg devient Ayvens

ALD Automotive / Leaseplan dévoile aujourd'hui Ayvens, sa nouvelle marque de mo...

ALD Automotive
ERG 8014
15/04/2024

Eurasian Resources Group to Donate 500 Million Tenge to Floo...

Eurasian Resources Group (ERG), a leading diversified natural resources group he...

Eurasian Resources Group

Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more