Blockchain Bond of World Bank’s Receives $81 Million USD for Bond-i on Ethereum
World Bank’s Blockchain Bond Experiment Raises $81 Million USD
As we have previously reported on our blog, the World Bank is issuing a millionaire bond backed by the blockchain technology, notably, the first one of its kind in the world. Now, there is information that the World Bank was able to exceed its $73 million USD goal for upcoming bond by $8 million USD, reaching a total of $81 million.
The Commonwealth Bank of Australia, as previously reported, intends to settle the bond next week, which would be the first blockchain bond in the world. The bank has changed its mind and raised the value of the bond.
According to the report, the main investors in the bond are CommBank, QBE Insurance, First State Super, NSW Treasury Corporation, the Treasury Corporation Victoria, SAFA and Northern Trust.
The World Bank Treasurer Speaks
The treasurer of the World Bank, Arunma Oteh, has affirmed that the organization has a huge interest in this transaction and in what it can provide for its stakeholders. She also added that she is delighted that the bond-i, as the blockchain-based bond is being called, and does not doubt the success of this enterprise and how it can help the investors.
She has also affirmed that they will continue to look for ways to improve the security of the market and the blockchain technology is a decent way to do it.
According to the press release of the company, coupons on the bond can b paid in February and August 28 in 2019 and 2020. The bond offers a 2.2% return over two years.]