UBS Prices First Bond to Be Listed, Settled on a Digital Exchange

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