El Salvador will issue bitcoin bonds by next March

In a recent TV interview, Alejandro Zelaya mentioned the issue of El Salvador bitcoin bonds. El Salvador will issue $ 1 billion bitcoin bonds between March 15 and 20, said El Salvador's finance minister, Zelaya. He added that the coupon rate of this bond will be 6.5%.

"The bond will be launched on Blockstream liquid," Zelaya said on a local TV show, "Frente a Frente." Here people can buy bonds of $ 100 if they want. This is definitely an advantage. He further said, “This bond will be started in accordance with all the rules and regulations of the country. We will issue this bond through all legal procedures. You have to give all kinds of information to buy bonds. ”

"We plan to raise $ 1 billion through bonds, and we will spend half of that on building Bitcoin's mining infrastructure and power," said Naib Buckley. We will keep the other half in the country's cryptocurrency reserves.

Incidentally, El Salvador long ago announced Bitcoin as a legal tender. He is currently holding about 2,000 bitcoins as a reserve fund and has sought a 1 billion loan from the IMF.

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