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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.

(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.

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

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Sheldon Reback

Sheldon Reback is CoinDesk editorial's Regional Head of Europe. Before joining the company, he spent 26 years as an editor at Bloomberg News, where he worked on beats as diverse as stock markets and the retail industry as well as covering the dot-com bubble of 2000-2002. He managed the Bloomberg Terminal's main news page and also worked on a global project to produce short, chart-based stories across the newsroom. He previously worked as a journalist for a number of technology magazines in Hong Kong. Sheldon has a degree in industrial chemistry and an MBA. He owns ether and bitcoin below CoinDesk's notifiable limit.

Sheldon Reback