Societe Generale - 40M EUR Token

Overview

On 14 May 2020, Societe Generale SFH, the covered bond vehicle of Societe Generale, issued €40 million of covered bonds (“obligations de financement de l’habitat” or “OFH”)) as security tokens directly registered on a public blockchain.

Issuer(s): Societe Generale SFH
Date: 5/14/2020
Country/Jurisdiction: France
Size (Native Currency): 40M Euros
Size (USD): $43,600,000
Length: N/A
Interest Rate: N/A

Rated Aaa by Moody's and AAA by Fitch, these OFH Tokens were fully subscribed by Societe Generale which simultaneously paid the issuer in a digital form of euros issued by Banque de France through a blockchain platform.