El Salvador to Issue its First Bitcoin Bonds in March
Main page Finance, Bitcoin

El Salvador intends to complete the preparations to issue its first $1 billion in Bitcoin bonds between March 15 and 20.

As reported by the country's finance minister, Alejandro Zelaya, the oversubscription of securities will amount to "at least $500 million."

According to the official, the minimum purchase of $100 and the absence of a broker during the placement will broaden the pool of potential investors.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

The coupon rate will reportedly be 6.5% per annum, while the bonds will mature in 2032.

Investors interested in purchasing the bonds will first have to complete a KYC verification.

The issuance of the bonds will take place on Blockstream's sidechain Liquid Network.

Read also:
Please describe the error