EU100 million 2-year digital bond issued by the European Investment Bank
The European Investment Bank (EIB), which is rated Aaa/AAA/AAA (all stable), has designated Goldman Sachs International, Santander, and Société Générale as joint-lead managers for its first EUR 100 million two-year digital bond issue, which would be issued on April 28, 2023.
Author:Stefano MclaughlinReviewer:Luqman JacksonMay 24, 202180.6K Shares1M Views
What Is It All About?
The European Investment Bank (EIB), which is rated Aaa/AAA/AAA (all stable), has designated Goldman Sachs International, Santander, and Société Générale as joint-lead managers for its first EUR 100 million two-year digital bond issue, which would be issued on April 28, 2023. Goldman Sachs Group, Banco Santander SA, and Societe Generale SA have been appointed joint-lead managers for the bank's initial offering. The notes will allegedly be tracked using distributed ledger technology on the public Ethereum blockchain network.
There is no listing. 100k+100k are the denominators. The rule of France. Documentation that can be used independently. Only the rules apply. Type that has been fully registered. Only qualifying counterparties and specialist clients are the manufacturer's target market (Mifid II/MIFIR product governance) (all distribution channels) Today's business is anticipated.
Why Is It Interesting?
On the Bitstamp Exchange, Ethereum, the world's second largest crypto currency after Bitcoin, hit a new high of $2,683.65 on Tuesday. Bitcoin was last trading at $54,984.31, up 1.68 percent, but still more than 15% below its April 14 high of 64,895.22. The news that JPMorgan Chase is preparing to offer a controlled bitcoin fund boosted the digital currencies. This is gonna be the time that ETH will go to the moon. Traders and coin holders will be first to get the benefit of this and also will have an impact on the future of the ETH and other coins.
However, cryptos have encountered some opposition after US President Joe Biden announced plans to increase capital gains taxes, a step that could reduce investment in digital assets. (Editing by Aurora Ellis and Jacqueline Wong; reporting by Kevin Buckland in Tokyo, Stephen Culp and Gertrude Chavez-Dreyfuss in New York.)
Investors are using ether to purchase virtual art or land in the form of non-fungible tokens (NFTs) on platforms like SuperRare and Decentraland, driving up demand for the token.
What Are The Possibilities To Open For The Future?
Since the European Investment Bank is preparing an inaugural "digital bond" sale on the Ethereum blockchain network. According to the source, the €100 million (roughly $121 million) issuance of two-year notes will be priced on Tuesday. The ETH will have more projects and maybe ETH will surpass Bitcoin, no one knows but it has potential.
However, cryptocurrency prices are volatile, and even though the Ethereum outlook for 2023 appears to be optimistic, the price could ascend.
But in 2021, how far will Ethereum go? If the ether price will stay above $2,000, some analysts say the coin's value will continue to rise.
As a result, ETH will have more ventures, and it is possible that ETH will overtake Bitcoin; no one knows for sure, but it has potential. Cryptocurrency prices are unpredictable, and while the Ethereum outlook for 2023 appears to be optimistic, the price could ascend.
Stefano Mclaughlin
Author
Luqman Jackson
Reviewer
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