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Bond Market News
El Salvador to Provide Legal Foundation for Issuing Bitcoin Bonds
January 5, 2022
El Salvador’s government is planning to send about twenty bills to the Congress in order to provide a legal foundation for issuing Volcano bonds this year. The bills contain financial markets and securities investment information. Finance Minister Alejandro Zelaya said “(This is) to provide a legal structure and legal certainty to everyone who buys the bitcoin bond.”
El Salvador’s USD bonds were trading stable with its 7.65% 2035s trading at 56.875, yielding 15.3%
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