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143 sats \ 0 replies \ @grayruby 13 Dec 2022 \ on: Questions about volcano bonds bitcoin
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.