News El Salvador Debt: El Salvador Debt Risk Looms as Bitcoin Bond Has Yet to Launch
Unfortunately, with the nation’s highly anticipated “Bitcoin Bond” yet to reach the market, it may have some trouble paying that debt. El Salvador’s President Nayib Bukele announced the bond in ...
News El Salvador Debt: From El Salvador to Africa, the Next Currency War Pits Populists against Bankers
The global monetary system is facing historic challenges. First, a decade of easy money and perceived low price inflation convinced our current generation of central bankers that there were no costs to aggressive policy.
News El Salvador Debt: El Salvador Has No Takers for its Volcano Bonds: Some Fear Country Near Default
Consequently, Fitch Ratings slashed El Salvador’s rating to CCC in early February, pointing to the country’s increased dependence on short-term debt as well as its poor relationship with the IMF. In a ...
News El Salvador Debt: El Salvador's bitcoin bond reportedly hasn't lured a single investor, and markets are bracing for a default on conventional debt
Now, El Salvador's conventional bonds due in 2032 yield 24%, a steep level that suggests markets perceive the debt to be high risk and are bracing for a default. Bloomberg data shows that yields ...
News El Salvador Debt: Fitch downgrades El Salvador further into junk on bitcoin risks
Fitch Ratings on Thursday cut El Salvador further into junk territory ... reflects the country's increased "reliance on short-term debt, an USD800 million Eurobond repayment due in January ...
