BBVA - 35M EUR Token

BBVA35M


Price
$1 USD (0%)

24h Volume
0

Market Cap
$37,492,350

Last Trade
February 19, 2019

Last Trade
February 19, 2019
BBVA - 35M EUR logo

BBVA35M Price

Trading History

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Terms

Fundraise Information

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

Token Information

Price Per (BBVA35M) $1 USD (0%)
Token Issuance Platform BBVA
Blockchains Available On Other
Security Type Fixed Income
Asset Class Debt
Payment Options TBA

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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