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Security Token Market

Bond-i - 110M AUD Token

BONDI

Bond-i - 110M AUD logo

The Raise Total

$77,000,000

Price Per Token

$1000

Raise Start

August 28, 2018

Minimum Investment

$340,000

https://www.worldbank.org/

The World Bank launched bond-i (blockchain operated new debt instrument), the world’s first bond to be created, allocated, transferred and managed through its life cycle using distributed ledger technology. The two-year bond raised A$110 million, marking the first time that investors have supported the World Bank’s development activities in a transaction that is fully managed using the blockchain technology. The World Bank mandated Commonwealth Bank of Australia (CBA) as arranger for the bond on August 10. The announcement was followed by a two-week consultation period with the market, with key investors indicating strong support for the issuance.
Financial Services Trading Fixed Income International Accredited

Terms

Fundraise Information

Total Raise $77,000,000 USD
Soft Cap $0 USD
Raise Status Closed
Minimum Investment $340,000 USD
Accepted Investors International Accredited
Exemptions N/A
Instrument Bond
Token Issuance Info Institutional Transaction

Token Information

Price Per (BONDI) $1000
Token Issuance Platform bond-i Platform
Secondary Marketplace bond-i Platform
Blockchains Available On Ethereum
Security Type Fixed Income
Asset Class Debt
Payment Options Other

Token Rights

2.20% p.a. payable semi-annually in arrear 28th February and 28th August in each year

About

Overview

The World Bank launched bond-i (blockchain operated new debt instrument), the world’s first bond to be created, allocated, transferred and managed through its life cycle using distributed ledger technology. The two-year bond raised A$110 million, marking the first time that investors have supported the World Bank’s development activities in a transaction that is fully managed using the blockchain technology.

The World Bank mandated Commonwealth Bank of Australia (CBA) as arranger for the bond on August 10. The announcement was followed by a two-week consultation period with the market, with key investors indicating strong support for the issuance.

Issuer(s): World Bank and Commonwealth Bank of Australia (arranger)
ISIN : AU0000020612
Date: 8/28/2018
Country: Australia
Size (Native Currency): 110M AUD
Minimum Investment (Native Currency): 500,000 AUD
Size (USD): $77,000,000
Length: 2 Years
Coupon: 2.20% Payable Semi-annually in arrear

Service providers to the bond’s platform include TD Securities as market maker, IHS Markit as independent valuation provider, Microsoft as independent code reviewer, and King & Wood Mallesons as deal counsel.

Highlights

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

This token has reached maturity

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