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World Bank to settle A$100M blockchain bond this month

The International Bank for Reconstruction and Development (IBRD), or the World Bank, is going to settle a blockchain-based bond worth A$100 million (US$73.16) million on August 28, Reuters reported.

Earlier this month, the World Bank announced that it has mandated Commonwealth Bank of Australia (CBA) as the sole arranger of the first bond globally to be created, allocated, transferred and managed through its lifecycle using distributed ledger technology (DLT). CBA and World Bank said that they were using a private Ethereum blockchain for the project.

CBA told Reuters that the two-year bonds had priced to yield 2.251 percent. It has set the price at 23 basis points above benchmark rates.

The $AUD Kangaroo bond – “bond-i”, a blockchain operated new debt instrument – is being regarded as the first step towards enhancing the efficiency of bond sales practices. It has been developed with the support and input from Northern Trust, QBE and Treasury Corporation of Victoria.

CBA said the World Bank bond would be the first ever to use blockchain technology end-to-end to raise capital from public investors.

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July 2 15:00 UTC Released

DKCurrency Reserves

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449.6 Stale

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451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

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50 %

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48.6 %

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2016 bln ARS

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 778175778175m

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-1541 %

January 31 00:00 UTC 766355766355m

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 778175778175m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 766355766355m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 766355766355m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 766355766355m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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