The Swiss City of Lugano has issued a CHF 120 million ($139m) digital bond, its third. The city now issues its bonds exclusively via the SIX Digital Exchange (SDX). There was sufficiently high demand that the nine year 1% coupon bond was issued above par.
As with its past issuances, it listed the bond on SDX and the main SIX exchange. And the bond can be held in the SDX digital central securities depository (CSD) and the SIS conventional one.
“Lugano has optimized its debt management strategy, obtaining more cost-effective financing than expected that will help support Lugano’s financial strength in the medium and long term,” it said in a statement.
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