New Hampshire plans to issue $100 million in Bitcoin-backed municipal bonds, Moody's rates Ba2

MarsBitNews · 2026-04-01T01:12:41+00:00

Mars Finance News: On April 1st, Bloomberg reported that the New Hampshire State Business and Financial Authority plans to issue municipal bonds backed by Bitcoin, with a total size of approximately $100 million. The product has received a Ba2 rating from Moody's Investors Service (two levels below investment grade). The bond principal and interest will be paid using funds generated from the Bitcoin collateral assets. When Bitcoin prices rise, it may provide additional returns, and there are price-triggered liquidation clauses to ensure repayment; the related debt is not supported by state government credit or taxes.

MarsBitNews

2026-04-01 01:12:41

Mars Finance reports that on April 1, according to Bloomberg, the New Hampshire State Business and Financial Affairs Authority plans to issue municipal bonds backed by Bitcoin, with a total amount of about $100 million. The product has already received a Ba2 rating from Moody’s Investors Service (two notches below investment grade). The principal and interest on the bonds will be paid from funds generated by Bitcoin-backed assets; when the price of Bitcoin rises, it may provide additional returns, and it also includes price-trigger liquidation provisions to ensure repayment. Related debt is not supported by the credit or taxes of the state government.

BTC1.97%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes