Bitcoin bond plan sends El Salvador’s dollar debt diving


The Central American country’s debt was among the world’s worst performers on Monday as investors considered whether President Nayib Bukele’s plan to sell sovereign bitcoin bonds closes the door on a deal with the International Monetary Fund.

NEW YORK: Plans for a US$1bil (RM4.2bil) bitcoin bond in El Salvador sent the nation’s dollar-denominated bonds to an all-time low.

El Salvador’s dollar denominated notes due in 2050 fell 2.2 US cents to 64.4 US cents (92 sen to RM2.70) on the US dollar on Monday, the lowest ever.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
IMF , Bitcoin , El Salvador , debt ,

Next In Business News

Ringgit closes higher amid US-EU tariff concerns, easing Japanese government bonds
Shin Yang secures RM117.7mil vessel deal
UOA REIT reports threefold profit increase in 4Q25
Perak Transit appoints Ismail Jamal as general manager
Pantech cautiously positive on outlook
AmBank Group provides RM103.8mil financing for Kedah solar project
Malaysia Aviation Group names Bryan Foong airline business CEO, Low Wen Long strategy chief
FBM KLCI rebounds to reclaim 1,700 level
Oil prices fall as risks from Kazakh production halt subside
Gold zooms past US$4,800 for the first time as Greenland tensions simmer

Others Also Read