Citi supports Hana Bank's first $100 mil. digital bond issuance

Citi has supported Hana Bank’s first $100 million digital bond issuance on Euroclear’s Digital Financial Market Infrastructure (D-FMI) platform, marking the first time a Korean bank has issued a foreign-currency bond on the platform and settled it on the same day, known as T+0 settlement. The bond also became the first digital bond listed on the Singapore Exchange.

Citi coordinated issuance, settlement, and delivery of the digitally native notes (DNN) to the dealer for distribution to investors through Euroclear’s settlement bank. The deal adds to Citi’s digital debt business, with the lender stating that it has acted as issuing and paying agent for most transactions completed on the platform.

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