El Salvador
El Salvador Buys Back $565M Worth of Bonds, Plans to Launch New Offering in 8 Weeks
The bond repurchase is seen as an attempt by El Salvador to dispel rumors of a potential default on its debt.
El Salvador Debt Downgraded to CC Rating as President Bukele Seeks Re-Election
El Salvador is likely to default on a January debt repayment because it has limited market access to raise the funds needed, in part because of its bitcoin adoption, according to rating agency Fitch. Meanwhile, President Bukele announced that he will seek re-election, according to a Reuters report. "The Hash" panel discusses the outcome of President Bukele's bitcoin initiatives and the chances for him to be re-elected after his term ends in 2024.
El Salvador's Debt Rating Cut to CC by Fitch
The rating agency said the country is likely to default on a January debt repayment because it has limited market access to raise the funds needed, in part because of its bitcoin adoption.
1 Year of Bitcoin in El Salvador: The Bad, the Good and the Ugly
Despite many real stumbles and skeptical mainstream coverage of Nayib Bukele’s bitcoin initiative, both tourism numbers and remittance usage are already showing meaningful payoffs.
El Salvador lanza dos ofertas de recompra de deuda en medio de la incertidumbre sobre su bono bitcoin
Las propuestas fueron consideradas un intento de contrarrestar las especulaciones sobre un potencial default por parte del país centroamericano.
El Salvador Launches 2 Debt Repurchase Offers Amid Uncertainty Over Its Bitcoin Bond
The offers have been viewed as an attempt to counter speculation about a potential default by the country.
BTG Pactual Exec on El Salvador’s First Year of Bitcoin Adoption
BTG Pactual's Head of Digital Assets Andre Portilho joins "First Mover" to discuss crypto market growth in South America, citing El Salvador's one-year anniversary of adopting bitcoin as legal tender. Given the "technology challenges," we have yet to know whether President Bukele succeeded or not, he said.
El Salvador retrasa la emisión de los bonos bitcoin, según Paolo Ardoino, CTO de Bitfinex
Ardoino, también CTO de Tether, espera que el bono aún pueda implementarse este año.
El Salvador’s Bitcoin Bond Delays Continue; Investor Interest Wanes: Report
The chief technology officer at Bitfinex and Tether said he hopes the bond can still be rolled out this year, despite a plunging bitcoin price.
El Salvador's Finance Minister Says Bitcoin Adoption is 'Gaining Ground': Report
Alejandro Zelaya said bitcoin adoption has been beneficial to El Salvador's unbanked population.
