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El Salvador fills up bond buyback

El Salvador fills up bond buyback

December 8, 2022
Central American government spends $74 mln to repurchase $82 mln worth of 2023 and 2025 bonds at less than face value

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

El Salvador said Wednesday that it agreed to pay $74 million to repurchase $82.3 million worth of 2023 and 2025 notes after investors turned in more than the maximum amount. The country accepted $62.8 million in 7.75% 2023 bonds and $19.5 million in 5.875% 2025 bonds, it said in a press release. Bondholders had tendered $76 million in 2023 bonds, or 11.4% of the outstanding amount, and $19.5 million in 2025 bonds, or 5.31%, it added. El Salvador will have $604 million in outstanding 2023 notes a

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