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do you buy the bond with BTC or USD?
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is the coupon paid in BTC or USD?
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can the bonds be sold at any time or do you have to hold for 5 years?
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143 sats \ 0 replies \ @grayruby 13 Dec 2022
Bonds will be priced in USD. Will raise 1 billion which 50% will go to buy Bitcoin and 50% to finance infrastructure etc. Bitcoin lock up will be 5 years at which point El Salvador will sell the Bitcoin and share half of profits beyond initial investment with investors. I am not sure if there is a traditional coupon attached as well but if there is that would be paid in USD and I believe they will be tradeable on the Liquid network.
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0 sats \ 0 replies \ @ExponentialBTC 13 Dec 2022
Issued through Bitfinex, which does not serve those in the U.S.
I presume that individuals and institutions that want exposure can register as a foreign entity and buy using that.
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0 sats \ 0 replies \ @Wumbo 13 Dec 2022
Reuters Article has some info: https://www.reuters.com/markets/us/what-we-know-so-far-about-el-salvadors-volcano-powered-bitcoin-bond-2021-11-22/
They are citing blockstream blogpost for some of what they are reporting.
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