Investors welcome bond buyback by El Salvador

Investors welcome bond buyback by El Salvador

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

International investors have reacted favorably to plans by El Salvador to repurchase bonds that mature in 2023 and 2025, saying it demonstrates an effort by the government to avoid default and a readiness to pay debts. "El Salvador has sufficient funds to pay the maturing January 2023 bond, but the main risk is the president's unpredictability, which is why some market participants weren't sure about his willingness to pay," said Carlos de Sousa, emerging markets strategist and portfolio manager

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