European Investment Bank’s EUR 100 Million Digital Notes Offering On The Ethereum Public Blockchain

Linklaters has advised the European Investment Bank on the deal. Allen & Overy advised the joint lead managers.

The European Investment Bank (EIB) issued its first ever notes in digital form on the Ethereum public blockchain. The EUR 100 million 2-year notes were placed with key market investors and represents the market’s first multi-dealer led, primary issuance of notes recorded to a public blockchain. The notes were issued on a delivery versus delivery basis against central bank digital currency (CBDC) which was issued as part of the Banque de France’s CBDC trial. Goldman Sachs, Santander and Société Générale were joint lead managers.

The global, cross practice Linklaters team included Michael Voisin (Picture), Julian Cunningham-Day, Richard Hay, Ria Bhanot, Elizabeth Horvath, and Imran Bhaluani in London, Bertrand Andriani, Veronique Delaittre, Edouard Chapellier, Vincent Poilleux, Ngoc-Hong Ma and Thibault Hurbli in Paris and Jonathan Ching and Catherine Russ in New York.

The Allen & Overy team was led by Hervé Ekué.

Involved fees earner: Hervé Ekué – Allen & Overy; Bertrand Andriani – Linklaters; Ria Bhanot – Linklaters; Edouard Chapellier – Linklaters; Jonathan Ching – Linklaters; Julian Cunningham-Day – Linklaters; Veronique Delaittre – Linklaters; Richard Hay – Linklaters; Elizabeth Horvath – Linklaters; Thibault Hurbli – Linklaters; Ngoc-Hong Ma – Linklaters; Vincent Poilleux – Linklaters; Catherine Russ – Linklaters; Michael Voisin – Linklaters;

Law Firms: Allen & Overy; Linklaters;

Clients: European Investment Bank; Goldman Sachs; Santander; Société Générale;

Author: Federica Tiefenthaler