State-owned bank KFW has issued another €9 billion in digital bonds via the Clearstream D7 platform. This is the fourth set of digital bond issuances by KfW on D7, bringing its total on the platform to €17.5bn. D7 uses the Digital Asset DAML/Canton DLT technology, although this was a centralized issuance under German law.
This latest issuance will take the total volume issued on Clearstream’s D7 over the €20 billion, after surpassing €10 billion last October. The D7 platform has also been heavily used by others for tens of thousands of small structured product issuances.
This month’s KfW issuance involved two tranches. One tranche was a €3 billion, 10 year bond with a 2.75% coupon. The other was a €6 billion, 3 year bond with a 2.375% coupon.
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