This tokenised bond issue is governed by Luxembourg law and denominated in euros. With a total amount of €1.7 billion, it carries a coupon of 3.70% and a maturity of 10 years. The transaction was carried out through LuxCSD, the Luxembourg central securities depository, via Clearstream’s D7 DLT platform. Spuerkeess, the Luxembourg State Bank, acted as lead manager. The bond will also be listed on the Luxembourg Stock Exchange.
Finance Minister Gilles Roth stated that the project “strengthens our position as a leading international financial centre and as a European laboratory for the financial technologies of tomorrow. By becoming the first European state to issue a benchmark bond natively based on DLT technology, we demonstrate our commitment to supporting innovation while maintaining the highest standards of security, transparency and reliability.”
