2024-04-09 07:42:37
President Nayib Bukele announced this Monday the launch of a buyback offer for public debt maturing between 2025 and 2029, which has generated a notable increase in the value of El Salvador’s bonds in the international market.
The president communicated the initiative through his account on the social network [nombre de la red social]highlighting that the buyback is public and voluntary for all bondholders of the Republic of El Salvador.
In September of last year, Bukele had already announced a similar offer to buy back foreign debt maturing between 2023 and 2025, a measure that sought to generate considerable savings for the country and dismiss rumors about a possible default.
Furthermore, in August of the same year, the Legislative Assembly approved initiatives that allowed the Executive to make the early purchase of Salvadoran sovereign debt bonds with maturities in 2023 and 2025.
These strategies, supported by international organizations, are part of the Bukele government’s efforts to alleviate the national economy and improve El Salvador’s position in global financial markets.