
El Salvador Passes Law Paving the Way for 'Volcano Bond'

Update 2025-11-07 (PST) (AI summary of creator comment): If the nature of the financial instrument substantially changes from the originally announced bond structure (e.g., becomes a private equity investment instead), it will not count for YES resolution.
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@HillaryClinton oh have they been? Do you have some source?
I think if its nature substantially changes, that doesnt suffice for YES resolution
@itsTomekK I don't understand if they were actually issued. But it seems like they are trying to issue a different than initially described Volcano bond funded by private equity.
It is substantially different, and may not even be available for purchase by anyone yet.
Shift to Private Equity for a Related Project
Due to market volatility and regulatory challenges, the launch of the official bonds was delayed several times. During this period, a related but distinct project called the Volcano Energy initiative, a joint venture involving the government and private firms (including Tether and Luxor Technology), adopted a private equity funding model.
The CEO of Volcano Energy, Josué López, stated that the shift to an equity model offered greater potential benefits for stakeholders than a debt structure. This private equity project focused on funding wind and solar energy capacity for Bitcoin mining, with the government receiving a 23% equity stake.