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LatinNews Daily - 18 April 2024

In brief: El Salvador buys back bonds

*El Salvador’s government led by Nayib Bukele has announced that it has accepted offers for US$486.84m of its dollar bonds as part of its offer to repurchase notes which are due 2025, 2027, and 2029. According to a government statement, the aggregate purchase price plus accrued interest to be paid by El Salvador is expected to be US$469.97m. The new outstanding totals for the notes are US$99.56m for the note which is due 2025, US$633.07m for the 2027 note, and US$529.53m for the note due in 2029. The government last carried out dollar bond repurchases in 2022.

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