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

François  Anne
30/03/2023 Personnalités

Recrutements chez DSM

Recrutement de Me Anne BODIN et Me François MICHEL

DSM
Nicolas Friederich - Animalux Founder

Animalux lance la première gamme d’aliments pour chiens e...

Local, sans céréales, sans OGM et sans hormones de croissance, Animalux, la no...

Animalux
BAMIN - Pedra de Ferro
29/03/2023 Partenariat

Eurasian Resources Group signs a sales agreement with Anglo ...

Agreement was signed between ERG’s BAMIN in Brazil and Anglo American to purch...

Eurasian Resources Group
1647261995843
29/03/2023

IQ-EQ expands global footprint into the United Arab Emirates

IQ-EQ has today announced the establishment of operations in Dubai, United Arab ...

IQ-EQ
capgemini-2
29/03/2023 Personnalités

Christof Kieboom appointed as Human Resources Director of Ca...

Capgemini announces the appointment of Christof Kieboom as Human Resources Direc...

Capgemini
Nick Bradford Color
28/03/2023

Hamilton12 appoints Apex Group for new fund launch

Apex Group Ltd. (“Apex Group” or “The Group”), a global financial servic...

Apex

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