The European Investment Bank (EIB), the investment and development arm of the European Union, plans to price €100 million in bonds registered in the Ethereum network.
According to a report by Bloomberg, the EIB’s inaugural blockchain bond sale will consist of €100 million in two-year notes. The bonds could be priced today.
The sale of the Ethereum-based bonds is being overseen by investment banks Goldman Sachs, Banco Santander, and Societe Generale. The news follows an earlier report by Bloomberg on the banks’ appointment on April 13.