Eppf hails revolution in European private debt with smart n-bond launch

data_Adobe_230x150
By Frank Jackman, Silas Brown
17 Jun 2019

Dutch agency BNG via DZ Bank has placed the first ‘smart n-bond’, a Namensschuldverschreibung (NSV) issued through digital platform European private placement facility (eppf). Participants hailed this transaction as a step towards a functioning pan-European private placement market.

It was a conservative first foray, but private debt players in Europe took note.

DZ Bank sold the €10m three-year n-bond for BNG, which pays a 0.05% coupon, digitally, without the exchange of paper. The transaction was then electronically settled via Clearstream Banking on TARGET2-Securities. All documentation on the ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.