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UBS Prices First Bond to Be Listed, Settled on a Digital Exchange
The 375 million Swiss franc three-year bond has a 2.33% yield.
Updated May 9, 2023, 4:01 a.m. Published Nov 3, 2022, 5:07 p.m.
Swiss bank UBS priced its first digital bond to yield a 2.33% coupon.
- The 375 million Swiss franc ($370 million), three-year bond is the first from a banking institution that will be listed, traded and settled on a digital exchange, the lender said in a statement on its website Thursday.
- The bond has the same structure, legal status and rating as a regular bond, it said.
- The bond will be issued on the blockchain-based platform of the SIX Digital Exchange and traded on the SDX and SIX Swiss Exchange.
See also: Switzerland’s Six Digital Exchange Launches With Blockchain Bond
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