BBVA racks up €35m with first ESG private placement via blockchain

BBVA Group has issued the first structured green bond using blockchain technology to negotiate the terms and conditions. The private placement in which Spanish insurance company Mapfre invested €35m (US$39.7m), is a six-year structured bond linked to the five-year euro swap rate (Euro 5 Year Swap). “[We want to highlight] the dual nature [of the product],” said Emilio Sainz de Baranda ( pictured ), global head of equity derivatives at BBVA. “I t's both  sustainable