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.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.