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Finance

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

The 375 million Swiss franc three-year bond has a 2.33% yield.

By Sheldon Reback
AccessTimeIconNov 3, 2022 at 5:07 p.m. UTC
Updated May 9, 2023 at 4:01 a.m. UTC
(Shutterstock)
(Shutterstock)

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.
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    • See also: Switzerland’s Six Digital Exchange Launches With Blockchain Bond

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    Sheldon Reback
    Sheldon Reback

    Sheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether.

    Follow @sheldonreback on Twitter