El Salvador makes cross-border return

El Salvador makes cross-border return

El Salvador Bonds

El Salvador made an expected return to the cross-border bond market on Tuesday, raising $601m from the sale of 12-year notes, debt capital market sources told LatinFinance.The bookrunners Deutsche Bank and Credit Suisse priced the 2029 notes at par to yield 8.625%, after putting the initial price talks at 9%, sources said.After the order books reached $3.3bn, the banks tightened the yield to 8.75% at guidance and then launched the deal at 8.625%, sources said."At the very least, it’s pricing in

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