Luxembourg Plans Debut Digital Treasury Certificates
By Emese BarthaLuxembourg hired BGL BNP Paribas and HSBC to issue inaugural Digital Treasury Certificates, one of the banks said Monday.The Treasury Certificates will be euro-denominated, registered and settled using Distributed Ledger technology on the HSBC ORION platform, the same bank said.The 50 million euro ($57.8 million) Treasury Certificates will have a six-month maturity, maturing on Dec. 18, 2025, and price at an equivalent spread of six-month Euribor minus 10 basis points, the same bank said.Write to Emese Bartha at [email protected]