The World Bank has priced the first Swiss franc-denominated digital bond issued by an international entity, it announced on May 15.

It will be settled using Swiss franc wholesale central bank digital currency (wCBDC) provided by the Swiss National Bank.

The bond issue will be worth Sfr200 million ($220 million) and will last seven years, settling on June 11 and maturing in 2031. The World Bank said this was its largest Swiss franc-denominated bond issue since 2009.

The bonds will use distributed