Lawyer Monthly - December 2021 Edition

Acted as Legal Adviser to IDAP Global LUXEMBOURG Lawyer Monthly Transaction Reports - Funds & Investments 84 WWW.LAWYER-MONTHLY.COM DEC 2021 ABOUT THE DEAL CMS Luxembourg advised IDAP Global on its issuance of the world’s first fully digital private bond. Black Manta Capital Part- ners (BMCP) acted as the bond’s primary placement agent, financ- ing an affordable housing project in England. The fully digital bond, which is worth £15 million, is supported by Globacap through its private- placement solution utilising blockchain technology. The offer- ing differs from traditional private placement and structured financ- ing by making themmore efficient and accessible for both project owners and a range of investors. CMS Luxembourg’s Digital Assets team advised IDAP Global dur- ing the full issuance and process. The team was led by Investment Funds and Capital Markets partner Aurélien Hollard and supported by managing associate José Ocaña and associate Julie Pelcé. July 2021 IDAP Global’s First Fully-Digital Private Bond