Wall Street Journal
A big Chinese Bank is selling bonds that can be bought with Cash or Bitcoin
China Construction Bank says the bond is the ‘first publicly listed debt security on a blockchain’
November 10, 2020
3
min read
News
China Construction Bank Corp. is planning to raise up to $3 billion from a sale of bonds that individuals and institutions can trade in and out of using U.S. dollars or bitcoin.
The Beijing-headquartered bank, one of China’s largest, is selling a digital bond that investors outside the country can buy for as little as $100. The security would roll over every three months and pay annualized interest of Libor plus 50 basis points, or approximately 0.75%.
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