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Security Token Market

BBVA - 35M EUR Token

BBVA35M

BBVA - 35M EUR logo

The Raise Total

$37,492,350

Price Per Token

$1

Raise Start

January 30, 2024

Minimum Investment

-

https://www.bbva.com/en/

BBVA Group issued the first structured green bond using blockchain technology to negotiate the terms and conditions. It is a private placement in which MAPFRE invested €35 million six year term bond linked to the evolution of the five year euro swap rate. With this bond issue, the BBVA Group demonstrates that it has the means, knowledge, and commitment to provide its clients cutting-edge products based on the latest technologies and innovative sustainable solutions. Structured bonds are negotiable assets with a fixed maturity and a return that can be based on interest rates, shares, an index, or an exchange rate. Furthermore, this kind of product is designed according to the required rate of return, terms, and risk tolerance of the investor, in this case MAPFRE.
Financial Services Trading Fixed Income International Accredited

Terms

Fundraise Information

Total Raise $37,492,350 USD
Soft Cap -
Raise Status Closed
Minimum Investment -
Accepted Investors International Accredited
Exemptions N/A
Instrument Structured Green Bond
Token Issuance Info Institutional Transaction

Token Information

Price Per (BBVA35M) $1
Token Issuance Platform BBVA
Secondary Marketplace BBVA
Blockchains Available On Other
Security Type Fixed Income
Asset Class Debt
Ratings -
Token Rights Linked to the evolution of the five year euro swap rate

About

Overview

BBVA Group issued the first structured green bond using blockchain technology to negotiate the terms and conditions. It is a private placement in which MAPFRE invested €35 million six year term bond linked to the evolution of the five year euro swap rate. Structured bonds are negotiable assets with a fixed maturity and a return that can be based on interest rates, shares, an index, or an exchange rate. Furthermore, this kind of product is designed according to the required rate of return, terms, and risk tolerance of the investor, in this case MAPFRE.

Issuer(s): BBVA
Date: 2/19/2019
Country: Spain
Size (Native Currency): 35M EUR
Size (USD): $37,492,350
Length: 6 Years

This deal is particularly groundbreaking given its dual nature: it is both sustainable and high-tech. On one hand, the funds are earmarked to finance green projects within the BBVA’s framework of the Sustainable Development Goals (SDGs). As such, the bond has been categorized as green, according to the Second Party Opinion issued by DNV GL - a global leader in certification. On the other, the terms of the bond were negotiated on BBVA's internally developed blockchain platform

Highlights

This listing is for informational purposes only, highlighting the issuance information. Trading data is currently unavailable

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