Linklaters and HSF complete world's first syndicated loan on blockchain
£130m deal successfully pilots new way to negotiate complex agreements
November 09, 2018 at 09:19 AM
3 minute read
Linklaters and Herbert Smith Freehills (HSF) have the taken lead legal roles on the first syndicated loan to be negotiated using blockchain technology.
The £130m transaction took place between Spanish bank BBVA, co-lenders BNP Paribas and MUFG, and Red Electrica Corporation – Spain's national electric grid provider.
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