UBS Prices First Bond to Be Listed, Settled on a Digital Exchange
Business
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.
- The bond has the same structure, legal status and rating as a regular bond, it said.
- The bond will be listed at SDX Trading and SIX Swiss Exchange.
See also: Switzerland’s Six Digital Exchange Launches With Blockchain Bond
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