Svmuu News The New Hampshire Business Finance Authority plans to issue approximately $100 million in municipal bonds collateralized by Bitcoin, which have been assigned a Ba2 rating by Moody's. The bond repayments will rely on funds generated from the Bitcoin collateral assets and are not backed by the state's credit or tax revenue.
Reports indicate that this product may offer additional returns when Bitcoin prices rise, while also featuring a price-triggered liquidation mechanism to safeguard principal and interest payments. (Bloomberg)
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New Hampshire Plans to Issue $100 Million Bitcoin-Collateralized Bonds Rated Ba2
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