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El Salvador announces second bond buyback offer

El Salvador announces second bond buyback offer

November 30, 2022 | Hernán Goicochea
Central American country seeks to repurchase up to $74 mln in notes that mature in 2023 and 2025

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Mexico El Salvador

El Salvador has put up cash to repurchase up to $74 million worth of bonds that mature in 2023 and 2025, according to a securities filing on Tuesday. The Central American country has offered to pay $950 for every $1,000 in principal for its 7.75% 2023 bonds and $620 for its 5.875% 2025 notes until the deadline on December 8, giving preference to holders of the 2023s, it said in the filing. It added that it has hired Deutsche Bank as the sole dealer manager. Finance Minister Alejandro Zelaya said

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