El Salvador postponed the debut issuance of its public tokenized dollar bond called “Volcano Bonds”. The bonds were expected to be issued last week but got postponed as the government said it looking for better market conditions. The issuance could be delayed until September, as per Reuters sources. The bond issuance consists of $1bn of 10Y dollar bonds yielding 6.5%. Salvador’s Finance Minister Alejandro Zelaya said, “In May or June the market variants are a little different. At the latest in September. After September, if you go out to the international market, it is difficult (to raise capital)”.
El Salvador’s USD bonds were stable with its 5.875% 2025s trading at 58.62, yielding 27.82%
For the full story, click here