July 24, 2019 |
El Salvador could issue $900m in new 30-year notes after it meets investors in Europe and the United States this week, LatinFinance has heard.
"They are going to issue this bond to pay for $820m in outstanding euro notes in December," said Ricardo Castaneda, an economist at the Central American economic think tank Icefi.
El Salvador's Legislative Assembly, however, has approved the sale of up to $1.3bn in cross-border notes this year, so the upcoming deal could go higher, Castaneda said.
Citi and Scotiabank take the Central American issuer to meet investors in Europe and the US