Luxembourg issues Europe's first DLT-native sovereign bond, a €1.7 billion 10-year benchmark

The Luxembourg State Treasury placed the EUR 1.7 billion bond via LuxCSD on Clearstream's D7 DLT platform, with Spuerkeess as lead manager, issuing and paying agent, and a syndicate including Barclays, BGL BNP Paribas, Citi and Crédit Agricole CIB. The 10-year bond carries a 3.70% coupon and will list on the Luxembourg Stock Exchange. Governed by Luxembourg law, the euro-denominated bond is eligible as collateral in Eurosystem credit operations. Finance Minister Gilles Roth said it strengthens Luxembourg's role as a hub for financial technology and modernizes its sovereign funding strategy.

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