Bolivia raises $83m in bonds linked to gold prices
Central bank sells instruments directly to retail investors at above-market rate
The Central Bank of Bolivia has sold 573 million bolivianos ($83 million) in gold-linked bonds directly to the country’s citizens.
The operation, launched in June, offered a route for retail investors in Bolivia to channel savings directly into the central bank. Labelled the “bicentennial bond” to celebrate the 200th anniversary of Bolivia’s independence, the instruments pay a fixed annual rate of 9.75% plus a variable rate indexed to gold prices, which is higher than the market deposit rate
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