Home / Daily Briefs / 2023 / 25 / El Salvador pays off bonds on time

El Salvador pays off bonds on time

El Salvador pays off bonds on time

January 25, 2023 | Hernán Goicochea
Central American country pays $800 mln plus interest to holders of its 7.75% 2023 bonds

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

El Salvador's Finance Ministry said Tuesday that it paid off its 7.75% 2023 bonds on time, "despite the information published by the national and international media that predicted a default." The government paid the remaining $800 million, including interest, after completing two buybacks in 2022, the ministry said in a press release. The ministry did not say how the government funded the payments.  "Last year, almost all the international media said that due to our Bitcoin bet, El Salvador was

Already have an account?

    Forgot your password?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial