Market salutes El Salvador's buyback offer

Market salutes El Salvador's buyback offer

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

International investors remain in favor of El Salvador's plan to repurchase bonds that mature in 2023 and 2025, saying a second buyback offer announced this week reinforces efforts by the government to pay off debts and avoid default. "I really believe they are trying to show good faith to the investment community, but with each of these little buybacks, all they are just doing is kicking the can down the road," said Beth Morrissey, a managing partner at Washington DC-based emerging markets advi

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