El Salvador is offering to buy back some of its dollar bonds from investors as risk premiums on the securities fall, aiming to reduce its external debt due between 2025 and 2029 through a public and voluntary repurchase. This move is part of a broader strategy to enhance the country's economic stability, alongside investments in Bitcoin and measures to combat criminal gangs, ultimately aiming to boost the economy. The initiative has been positively received by financial analysts, with Oren Barack of Alliance Global Partners highlighting it as an indicator of the solid foundation of President Nayib Bukele's government. Additionally, El Salvador is planning to re-enter the international debt markets after a nearly four-year hiatus.
El Salvador plans to return to international debt markets for the first time in almost four years https://t.co/egUEzWDfSa
By 2030, #ElSalvador: - Debt Free - 20,000 #Bitcoin in reserves - credit rating ‘A’ - GDP, $120B - 1 million+ 🇸🇻 repatriations - 10,000 free passports for artists & builders https://t.co/AFkPkURWqu
BLOOMBERG: 🇸🇻 El Salvador “Buying back of their debt is a positive forward looking indicator and shows the solid footing Bukele’s government is on,” said Oren Barack, managing director of fixed income at New York-based Alliance Global Partners 👀🙌 https://t.co/0DM7S7t6bh
JUST IN: 🇸🇻 El Salvador is buying back some of its debt as strategy to crack down on criminal gangs, together with its #Bitcoin investment, boost the economy. 🔥 https://t.co/BcoCb8avMG
Today we have officially launched the purchase offer for our external debt due from 2025 to 2029 🇸🇻 All holders of bonds of the Republic of El Salvador can access this public and voluntary repurchase. More information here: https://t.co/LSXxN7cZjX
El Salvador is offering to buy back some of its dollar bonds from investors as risk premiums on the securities fall https://t.co/1rRi0bKE31
El Salvador is offering to buy back some of its dollar bonds from investors as risk premiums on the securities fall https://t.co/NA4GoObRoy via @markets