Wed, Oct 24, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

World Bank preps for world's first blockchain bond

Friday, August 10, 2018

Laxman Pai, Opalesque Asia:

The World Bank has chosen the Commonwealth Bank of Australia (CBA) to be the sole arranger of the first bond globally "to be created, allocated, transferred and managed using blockchain technology."

The Kangaroo bond, referring to foreign bonds issued in Australia in the local currency, has been named bond-i, an acronym standing for Blockchain Offered New Debt Instrument. (It's also a reference to Bondi Beach, an iconic spot in Sydney.)

The World Bank said there had been strong indicative investor interest in 'bond-i' - Blockchain Offered New Debt Instrument.

No size or date was given for the issue, a first for the World Bank using blockchain technology, but the two said it would be launched after a period of consultation with more investors.

"This pioneering bond is a milestone in our efforts to learn how we can advise our client countries on the opportunities and risk that disruptive technologies offer," World Bank chief information officer Denis Robitaille said in a statement.

Blockchain has the potential to streamline processes among numerous debt capital market intermediaries and agents. This can help simplify raising capital and trading securities; improve operational efficiencies; and enhance regulatory oversight.

The World Bank issues between $50-$60bn annually in bonds for sustainable development. It has a 70-year track record of innovation in the capital markets. Among its pioneering issuances are the first ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. BB&T Securities to bolster alternative investment offerings with CAIS platform[more]

    Laxman Pai, Opalesque Asia: The financial services firm BB&T Securities has selects the financial product marketplace CAIS to expand alternative investment access for advisors. A press release from the wholly owned subsidiary of BB&T Corporation said that with CAIS, it will gain access to pr

  2. Europe: Europeans up interest in unconstrained bond strategies, Generali steps up efforts to build multi-boutique business, Nordea bank in new Russia funds complaint, FCA proposes climate risk reporting duty for asset managers[more]

    Europeans up interest in unconstrained bond strategies Unconstrained bond assets are on the rise. Across both retail and institutional accounts, assets under management in these strategies rose from $153.2 billion in Q2 2013 to $289.7 billion in Q2 2018, for a five-year compound annual

  3. Investing: Billionaire Leon Cooperman explains how he ended up investing his personal money in pot stocks, U.S. fund investors pull most cash from bonds since February -ICI[more]

    Billionaire Leon Cooperman explains how he ended up investing his personal money in pot stocks From CNBC: Billionaire hedge fund investor Leon Cooperman confirmed to CNBC on Wednesday that he has personal money in the cannabis industry, noting investments in a few young marijuana companie

  4. Activists: Frustrated GM investors ask what more CEO Barra can do, Hedge funds snap up chunks of struggling Debenhams, Retailer Casino's parent Rallye gets offer for 'Courir' sports arm[more]

    Frustrated GM investors ask what more CEO Barra can do From Reuters: General Motors Co Chief Executive Mary Barra has transformed the No. 1 U.S. automaker in her almost five years in charge, but that is still not enough to satisfy investors. Ahead of third-quarter results due on Oct

  5. Opinion: New York billionaire Catsimatidis on equity investing and cryptocurrencies, Tomilson Hill shares his secret to buying great art that turns into even better investment, Howard Marks says markets are in eighth innings[more]

    New York billionaire Catsimatidis on equity investing and cryptocurrencies From Forbes: John Catsimatidis, whose $3.1 billion fortune lies in extensive real estate, Gristedes supermarkets and a Pennsylvania oil refinery, is serious about his investment portfolio. His goal is a double-digi