Caisse des Dépôts successfully completed its first issuance of €100mn digitally native notes; a pioneering operation on the capital market in France. The note was placed to
ICBC Luxembourg Branch, acting as the investor on this transaction.
The issuance of the €100mn 3.33% digitally native notes due 7th November 2034 by Caisse des Dépôts was carried out using the digital financial market infrastructure ("D-FMI"), the distributed ledger technology-based component of the securities settlement system operated by Euroclear, for the creation of the digitally native notes, and the Banque de France's cash distributed ledger technology (DL3S), for the cash leg of the issuance.
The issuance was completed in the context of the Eurosystem's exploratory works as the first issuance of digitally native notes under French law using the D-FMI, the first issuance of digitally native notes using the interconnectivity between the D-FMI and DL3S, the first issuance of digitally native notes by Caisse des Dépôts and the first issuance of digitally native notes admitted to trading on Euronext Paris.
Financial and digital sovereignty is one of the 3 strategic axes for the Caisse des Dépôts Group, with those around ecological transition and social and territorial cohesion ; So we wanted to participate in this digital issuance, a pioneering operation on the capital market in France, to support players in the sector working around Euroclear and the Banque de France. This program demonstrates Caisse des Dépôts’ capacity for adaptation and innovation, which its teams have always demonstrated.
Nathalie Tubiana, Chief Financial and Sustainable Policy Caisse des Dépôts Group Officer
Read the press release and know more about the transaction:
Discover the Central Bank Digital Currency (CBDC)