NRW.Bank Anstalt des öffentlichen Rechts has issued its first blockchain-based digital bond in the form of a crypto security in accordance with the German Electronic Securities Act (eWpG). The bond has a principal amount of EUR 100 million, a maturity until 9 July 2027 and a coupon of 2.160%.
The transaction has been carried out by joint lead managers consisting of DekaBank Deutsche Girozentrale, Deutsche Bank and DZ BANK. DZ BANK also acts as collective registered holder of the bond. Cashlink Technologies GmbH acts as the crypto securities registrar.
Hengeler Mueller advised the joint lead managers comprehensively on the transaction.
Hengeler Mueller team for the joint lead managers
Capital Markets: Dirk Bliesener (partner, lead), Martin Peters (counsel), Pascal Brandt (senior associate, all Frankfurt),
Tax: Sebastian Adam (partner), Jan Adami (senior associate, both Frankfurt).
