Telephonic Deutschland Will Issue Bonds Through the Blockchain Technology.

Telefonica Deutschland’s German subsidiary, Telefonica Deutschland, has announced the launch of a 200 million euro domestic bond issue that combines the traditional placement of debt with a segment traded through blockchain technology, an innovative operation within the corporate debt.

According to the company in a statement, the placement, which will be carried out in collaboration with the German entities Landesbank Baden-Württemberg (LBBW) and DZ Bank, will demonstrate the capabilities of blockchain technology in combination with a traditional financing process and with a greater number of investors.

With this operation, Telefónica Deutschland aims to demonstrate its innovation potential, while diversifying its financial structure.

Markus Rolle, financial director said:

“We want to show that the intelligent use of digital technology leads to more efficient processes. Once again we show our pioneering role in digital transformation and we gained valuable experience for the blockchain application in other areas of the company. “

In this sense, the company emphasizes that blockchain technology allows direct and secure financial transactions in real time and all of them are registered in blocks of data and stored in an encrypted form on multiple servers. This technique makes financial transactions traceable and avoids manipulation.

The segment traded with Blockchain technology of these domestic bonds denominated in euros has a maturity period slightly greater than one year, while the section that will be issued in the traditional way, in which LBBW and DZ Bank participate, is expected to have a term of seven to fifteen years.

Sources: Telephone , Expansion , The Economist

Disclaimer: InfoCoin is not affiliated with any of the companies mentioned in this article and is not responsible for their products and / or services. East press release is for informational purposes only, the information does not constitute Investment advice or an offer to invest.

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