Today BBVA Group
announced it used its blockchain platform to negotiate the terms of a structured green bond. Spanish insurer MAPFRE invested €35 million for a six-year bond linked to the five-year euro swap rate.
A structured bond can have its return linked to any number of indicators, subject to agreement between the parties. For example, the return could be based on interest rates, exchange rates, an index or shares.
In this case, the bond is “green” because the funds are earmarked to finance green projects as part of BBVA’s sustainable development goals.
DNV, the certification company involved in numerous blockchain projects categorized the bond as green.
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