New Hampshire Bitcoin-Backed Bond Issuance
Sector: Finance • Location: New Hampshire, United States
Source: CoinDesk
The New Hampshire Business Finance Authority plans to issue the first rated bitcoin-backed bond, provisionally graded Ba2 by Moody's. The bonds are backed by bitcoin held in custody by BitGo and are limited-recourse, meaning no public funds of New Hampshire are at risk. The bondholders are repaid through liquidation of the bitcoin collateral if needed, with safeguards including 1.6x overcollateral
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | planned |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The New Hampshire Business Finance Authority plans to issue the first rated bitcoin-backed bond, provisionally graded Ba2 by Moody's. The bonds are backed by bitcoin held in custody by BitGo and are limited-recourse, meaning no public funds of New Hampshire are at risk. The bondholders are repaid through liquidation of the bitcoin collateral if needed, with safeguards including 1.6x overcollateralization and triggers for liquidation if loan-to-value deteriorates. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |