Iberdrola’s EUR 150 Million Loan Managed Fully on Blockchain
Photo: BlockTelegraph
Iberdrola, BBVA and Santander have completed a EUR 150 million syndicated loan managed fully on blockchain, according to The Paypers report. The parties describe it as the first live syndicated loan to run across its full lifecycle on distributed ledger technology, from execution and disbursement to maturity. The financing uses a platform developed by ioBuilders with support from BBVA and Santander. Gómez-Acebo & Pombo served as legal adviser. The transaction covers interest management, waivers, repayments and assignments as well as the initial funding and final maturity.
Source: BlockTelegraph
