The bond was issued as part of ECB wholesale settlements experiments and matures on Nov. 25.
Slovenia has issued the first digital sovereign bond in the European Union. The bond was issued and placed by BNP Paribas. It had a nominal size of 30 million euros ($32.5 million) with a 3.65% coupon and maturity date of Nov. 25, according to the Slovenian Finance Ministry.
BNP Paribas used its Neobonds platform for the July 25 bond issue. Neobonds is a distributed ledger technology (DLT) tool that uses Digital Asset’s Daml language on the Canton blockchain. Settlement was carried out on the Banque de France’s DL3S interoperability system.
The bond issue is part of the European Central Bank’s (ECB) wholesale central bank money settlement experimentation program. That program announced the beginning of its second phase in June. Three interoperability solutions are included in the program.
