Luxembourg Issues €1.7B Blockchain Bond at 3.7% Interest
- —Issue size €1.7 billion, 10-year maturity, 3.7% coupon
- —Issued via Clearstream D7 and LuxCSD infrastructure
- —Replaces a 2019 zero-coupon bond maturing next month
- —Debt interest costs projected to rise 64% to €512.5 million in 2027
Why it matters: Europe's first natively issued benchmark sovereign bond on DLT sets a template for other governments, though it does not lower borrowing costs.
Source: CoinTrust