On Monday the
World Bank announced it has raised an additional A$50 million ($33.8 million) for its blockchain bond, bond-i. The new investment in the bond is from an ‘off-shore investor’ and existing investors.
This is the second tranche of bond-i, which is managed by Commonwealth Bank of Australia (CBA), RBC Capital Markets (RBC) and TD Securities (TD). The successful tap (extension) has now taken the total capital raised by bond-i to A$160 million ($108 million).
“The tap is an important milestone in demonstrating the full lifecycle management of an issuer’s capital markets needs,” said James Wall, Executive General Manager International at Commonwealth Bank.
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