El Salvador intends to repurchase remaining bonds

El Salvador intends to repurchase remaining bonds

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

El Salvador intends to make an offer to buy back all remaining 2023 and 2025 bonds within the next two months, President Nayib Bukele said on Twitter on Wednesday afternoon. "Always publicly, transparently and at MARKET PRICES at the time of the next repurchase, which will be done in 8 weeks," Bukele said in a tweet. "El Salvador pays its debts!" The country announced earlier in the day that it would pay $360 million to repurchase $566 million worth of 2023 and 2025 bonds at less than face value

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