{"id":57486,"date":"2022-02-10T11:13:07","date_gmt":"2022-02-10T09:13:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=57486"},"modified":"2025-09-04T11:59:37","modified_gmt":"2025-09-04T08:59:37","slug":"el-salvador-to-issue-first-bitcoin-bonds-in-march","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/el-salvador-to-issue-first-bitcoin-bonds-in-march\/","title":{"rendered":"El Salvador to issue first Bitcoin bonds in March"},"content":{"rendered":"<p>El Salvador will complete preparations for issuing the first $1 billion bitcoin bonds by March 15\u201320.<\/p>\n<p>According to Finance Minister Alejandro Zelaya, the oversubscription to the securities is expected to be no less than $500 million. The minimum purchase of $100 and the absence of a broker at the placement will widen the pool of potential investors, the official said.<\/p>\n<p><iframe loading=\"lazy\" width=\"1280\" height=\"720\" src=\"https:\/\/www.youtube.com\/embed\/HCQ90doFgpE\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\"><\/iframe><\/p>\n<p>According to the previously announced plan, the coupon rate will be 6.5% per year and the bonds will mature in 2032. To purchase the securities, <span data-descr=\"know your customer\" class=\"old_tooltip\">KYC<\/span> procedures will be required.<\/p>\n<p>The issue will be conducted on Blockstream&#8217;s Liquid Network sidechain.<\/p>\n<p>Settlement of the issue will be handled by Bitfinex Securities, a platform for trading tokenized securities. Under the agreement, the latter will also help the Salvadoran government develop a regulatory framework for blockchain-based digital financial instruments.<\/p>\n<p>According to the press release, <a href=\"https:\/\/forklog.com\/en\/news\/el-salvador-to-issue-1-billion-bitcoin-bonds-on-the-liquid-network\">half of the proceeds from the sale of the bonds<\/a> will be directed toward developing <a href=\"https:\/\/forklog.com\/en\/news\/el-salvador-begins-bitcoin-mining-on-volcano-powered-energy\">the mining infrastructure<\/a> on geothermal volcanic energy. The other 50% will be allocated to the purchase of digital gold for the state trust.<\/p>\n<p>At the IMF <a href=\"https:\/\/forklog.com\/en\/news\/imf-urges-el-salvador-to-drop-bitcoin-as-legal-tender\">has expressed concerns<\/a> about the risks associated with El Salvador&#8217;s bitcoin bonds. The institution repeatedly <a href=\"https:\/\/forklog.com\/en\/news\/imf-again-criticises-bitcoin-legalisation-in-el-salvador\">urged<\/a> the government to abandon the cryptocurrency as a means of payment.<\/p>\n<p>In February, the Salvadoran government <a href=\"https:\/\/forklog.com\/en\/news\/el-salvador-relaunches-the-chivo-wallet\">improved the functionality<\/a> of the Chivo digital wallet.<\/p>\n<p>Earlier, President Nayib Bukele <a href=\"https:\/\/forklog.com\/en\/news\/el-salvadors-president-says-bitcoin-price-rise-is-only-a-matter-of-time\">said<\/a> the rise of bitcoin is a matter of time.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>El Salvador will complete preparations for issuing the first $1 billion bitcoin bonds by March 15\u201320.<\/p>\n","protected":false},"author":1,"featured_media":57487,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1431,1278],"class_list":["post-57486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bonds","tag-el-salvador"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/57486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=57486"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/57486\/revisions"}],"predecessor-version":[{"id":57488,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/57486\/revisions\/57488"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/57487"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=57486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=57486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=57486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}