[Luxembourg Issuance of 50 Million Euros in Digital National Bonds] The Luxembourg Ministry of Finance utilized HSBC's Orion DLT platform to issue 50 million euros in digital national bonds. The bond will be listed on the Luxembourg Stock Exchange, issued at a zero coupon with a 99.03% discount to par value, but can be redeemed at par value after six months.
After Slovenia issued 30 million euros in bonds last July, this is the second European country to issue bonds using DLT technology. One of the biggest advantages of DLT is the faster issuance speed and higher efficiency, which can potentially lower costs while also increasing transparency.
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[Luxembourg Issuance of 50 Million Euros in Digital National Bonds] The Luxembourg Ministry of Finance utilized HSBC's Orion DLT platform to issue 50 million euros in digital national bonds. The bond will be listed on the Luxembourg Stock Exchange, issued at a zero coupon with a 99.03% discount to par value, but can be redeemed at par value after six months.
After Slovenia issued 30 million euros in bonds last July, this is the second European country to issue bonds using DLT technology. One of the biggest advantages of DLT is the faster issuance speed and higher efficiency, which can potentially lower costs while also increasing transparency.