Paperless Eurobond Issuance Debuts in €15.3 Trillion Market

The Eurobond market, one of the world’s largest debt markets, is moving to ditch paper.

Euroclear Bank and Clearstream have launched new services to allow Eurobonds to be issued entirely digitally, the institutions said in a joint statement on Monday. The move will simplify issuance and reduce the operational burden and costs associated with handling physical documentation, they said, helping borrowers raise funds more easily.