EU Investment Bank to Issue € 100 Million Digital Bonds on Ethereum

For the first time, the price of Ethereum surpassed $ 2,700 amid news that the European Investment Bank has issued digital bonds worth € 100 million on the Ethereum blockchain with the participation of the largest banks.

According to Bloomberg, the European Investment Bank has commissioned Goldman Sachs, Santander and Société Générale to become joint lead managers for a € 100 million bond issue on Ethereum. Industry members circulated news on social networks, after which the price of ether for the first time in history reached $ 2,713.

Source: TradingView

According to media reports, the EU investment bank will issue two-year AAA-rated bonds aimed at professional clients on April 28 in accordance with French law. For the first time, information that the European Investment Bank plans to use the power of blockchain to sell bonds appeared two weeks ago.

You may also like