The issue of the new bond of the City of Lugano took place through the innovative SIX Digital Exchange (SDX) platform, linked to the SIX group, the first digital platform in the world based on Blockchain technology to be fully regulated.
The issue represents the first bond in the history of the public sector to be issued, listed and traded digitally on a regulated platform based on blockchain technology.
The decision to carry out this important issue through SDX is consistent with the vision and mission set out in the 2018-2028 development guidelines and concretizes the orientation of the City to want to be a “model of innovation” and to “promote and support digital transformation, technological innovation, development and research, with the aim of being a cutting-edge city”.
The City, on the other hand, is already actively promoting the use of Blockchain technology with the Lugano Plan ₿ initiative; the decision to carry out this issuance through the SDX platform is consistent with the philosophy aimed at encouraging the adoption of this technology in various areas of activity.
With this operation, the City of Lugano intends to stimulate the public sector to innovate also in the financial sector and supports this new issuance method, which constitutes the digital evolution of the traditional bond issue system.
The City’s bond issue will be listed simultaneously on both the SDX platform (digital) and the SIX Swiss Exchange platform (traditional stock exchange), guaranteeing a dual listing for investors, who will thus be able to exchange bonds on the two platforms.
Furthermore, the bond loan has obtained an official rating from the Moody’s rating agency of level Aa3 and has the characteristics to be included in the Swiss Bond Index, like the other loans issued in the past by Lugano.