KB Kookmin Bank issues $100 million blockchain-based bond
KB Kookmin Bank has issued a $100 million blockchain-based dollar digital bond in the Hong Kong market.
The two-year digital bond was issued through a private placement with an issuance rate set at the Secured Overnight Financing Rate (SOFR) plus 0.4 percentage points.
HSBC served as the sole bookrunner, and the issuance was carried out using HSBC’s digital asset platform, Orion.