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۶Ƶ AG launches the world’s first digital bond that is publicly traded and settled on both blockchain-based and traditional exchanges | ۶Ƶ Global

۶Ƶ

۶Ƶ AG launches the world’s first digital bond that is publicly traded and settled on both blockchain-based and traditional exchanges

Zurich 03 Nov 2022, 04:45 CET Media Switzerland Media Releases APAC Media Releases EMEA Investor Releases

۶Ƶ AG today priced its inaugural senior unsecured digital bond, a 375 million Swiss franc-denominated three-year bond with 2.33% coupon (ISIN: CH1228837865).

  • The CHF 375 million bond is digital only, and will be issued on the blockchain-based platform of SIX Digital Exchange (SDX) while being dual listed and traded on SDX and SIX Swiss Exchange (SIX)
  • World’s first public benchmark bond that investors can access in both digital and traditional markets
  • First digital bond issued by a banking institution globally to be listed, traded and settled on a regulated digital exchange

Zurich/Basel, November 3, 2022 – ۶Ƶ AG today priced its inaugural senior unsecured digital bond, a 375 million Swiss franc-denominated three-year bond with 2.33% coupon (ISIN: CH1228837865).

The digital bond has the same instrument structure, legal status and rating as a traditional ۶Ƶ AG senior unsecured note but is the first ever digital bond by a banking institution globally that will be listed, traded and settled on a regulated digital exchange.

Through this bond, ۶Ƶ enables investors, regardless of whether they have the blockchain infrastructure, to invest in a digital bond. This removes a hurdle on the way to adopt new disruptive technology that can make issuing bonds faster, more efficient and simpler.

Beatriz Martin, ۶Ƶ Group Treasurer, said: “We are proud to leverage distributed ledger technology to launch the inaugural ۶Ƶ digital bond. This shows our commitment to support the development of new financial market infrastructure. ۶Ƶ is committed to using technology not just as an enabler, but to making it a true differentiator for ۶Ƶ.”

The digital bond settles via SIX Digital Exchange (SDX) distributed ledger-based central securities depository (CSD) network through atomic settlement technology. Settlement via SDX CSD is instant and automatic and does not require a central clearing counterparty. Investors will have the ability to automatically settle and clear the ۶Ƶ digital bond on either SDX CSD directly or on SIX SIS via the operational link which was formally announced on 3rd October 2022.

The digital bond will be dual listed at SDX Trading and SIX Swiss Exchange and will be eligible for the Swiss Bond Index (SBI) alongside all other ۶Ƶ AG senior unsecured notes which are listed on SIX.


۶Ƶ AG

Contacts

Investor Relations
Switzerland:
+41-44-234 41 00
Americas:
+1-212-882 57 34

Media contact
Switzerland:
+41-44-234 85 00
UK:
+44-207-567 47 14
Americas:
+1-212-882 58 58
APAC:
+852-297-1 82 00

Links

۶Ƶ AG launches the world’s first digital bond that is publicly traded and settled on both blockchain-based and traditional exchanges

Zurich03 Nov 2022, 04:45 CETMedia SwitzerlandMedia Releases APACMedia Releases EMEAInvestor Releases

۶Ƶ AG today priced its inaugural senior unsecured digital bond, a 375 million Swiss franc-denominated three-year bond with 2.33% coupon (ISIN: CH1228837865).

  • The CHF 375 million bond is digital only, and will be issued on the blockchain-based platform of SIX Digital Exchange (SDX) while being dual listed and traded on SDX and SIX Swiss Exchange (SIX)
  • World’s first public benchmark bond that investors can access in both digital and traditional markets
  • First digital bond issued by a banking institution globally to be listed, traded and settled on a regulated digital exchange

Zurich/Basel, November 3, 2022 – ۶Ƶ AG today priced its inaugural senior unsecured digital bond, a 375 million Swiss franc-denominated three-year bond with 2.33% coupon (ISIN: CH1228837865).

The digital bond has the same instrument structure, legal status and rating as a traditional ۶Ƶ AG senior unsecured note but is the first ever digital bond by a banking institution globally that will be listed, traded and settled on a regulated digital exchange.

Through this bond, ۶Ƶ enables investors, regardless of whether they have the blockchain infrastructure, to invest in a digital bond. This removes a hurdle on the way to adopt new disruptive technology that can make issuing bonds faster, more efficient and simpler.

Beatriz Martin, ۶Ƶ Group Treasurer, said: “We are proud to leverage distributed ledger technology to launch the inaugural ۶Ƶ digital bond. This shows our commitment to support the development of new financial market infrastructure. ۶Ƶ is committed to using technology not just as an enabler, but to making it a true differentiator for ۶Ƶ.”

The digital bond settles via SIX Digital Exchange (SDX) distributed ledger-based central securities depository (CSD) network through atomic settlement technology. Settlement via SDX CSD is instant and automatic and does not require a central clearing counterparty. Investors will have the ability to automatically settle and clear the ۶Ƶ digital bond on either SDX CSD directly or on SIX SIS via the operational link which was formally announced on 3rd October 2022.

The digital bond will be dual listed at SDX Trading and SIX Swiss Exchange and will be eligible for the Swiss Bond Index (SBI) alongside all other ۶Ƶ AG senior unsecured notes which are listed on SIX.


۶Ƶ AG

Contacts

Investor Relations
Switzerland:
+41-44-234 41 00
Americas:
+1-212-882 57 34

Media contact
Switzerland:
+41-44-234 85 00
UK:
+44-207-567 47 14
Americas:
+1-212-882 58 58
APAC:
+852-297-1 82 00

Links

۶Ƶ AG launches the world’s first digital bond that is publicly traded and settled on both blockchain-based and traditional exchanges | ۶Ƶ Global

۶Ƶ

۶Ƶ AG launches the world’s first digital bond that is publicly traded and settled on both blockchain-based and traditional exchanges

Zurich 03 Nov 2022, 04:45 CET Media Switzerland Media Releases APAC Media Releases EMEA Investor Releases

۶Ƶ AG today priced its inaugural senior unsecured digital bond, a 375 million Swiss franc-denominated three-year bond with 2.33% coupon (ISIN: CH1228837865).

  • The CHF 375 million bond is digital only, and will be issued on the blockchain-based platform of SIX Digital Exchange (SDX) while being dual listed and traded on SDX and SIX Swiss Exchange (SIX)
  • World’s first public benchmark bond that investors can access in both digital and traditional markets
  • First digital bond issued by a banking institution globally to be listed, traded and settled on a regulated digital exchange

Zurich/Basel, November 3, 2022 – ۶Ƶ AG today priced its inaugural senior unsecured digital bond, a 375 million Swiss franc-denominated three-year bond with 2.33% coupon (ISIN: CH1228837865).

The digital bond has the same instrument structure, legal status and rating as a traditional ۶Ƶ AG senior unsecured note but is the first ever digital bond by a banking institution globally that will be listed, traded and settled on a regulated digital exchange.

Through this bond, ۶Ƶ enables investors, regardless of whether they have the blockchain infrastructure, to invest in a digital bond. This removes a hurdle on the way to adopt new disruptive technology that can make issuing bonds faster, more efficient and simpler.

Beatriz Martin, ۶Ƶ Group Treasurer, said: “We are proud to leverage distributed ledger technology to launch the inaugural ۶Ƶ digital bond. This shows our commitment to support the development of new financial market infrastructure. ۶Ƶ is committed to using technology not just as an enabler, but to making it a true differentiator for ۶Ƶ.”

The digital bond settles via SIX Digital Exchange (SDX) distributed ledger-based central securities depository (CSD) network through atomic settlement technology. Settlement via SDX CSD is instant and automatic and does not require a central clearing counterparty. Investors will have the ability to automatically settle and clear the ۶Ƶ digital bond on either SDX CSD directly or on SIX SIS via the operational link which was formally announced on 3rd October 2022.

The digital bond will be dual listed at SDX Trading and SIX Swiss Exchange and will be eligible for the Swiss Bond Index (SBI) alongside all other ۶Ƶ AG senior unsecured notes which are listed on SIX.


۶Ƶ AG

Contacts

Investor Relations
Switzerland:
+41-44-234 41 00
Americas:
+1-212-882 57 34

Media contact
Switzerland:
+41-44-234 85 00
UK:
+44-207-567 47 14
Americas:
+1-212-882 58 58
APAC:
+852-297-1 82 00

Links