LatinNews Daily - 01 August 2019

* The Salvadorean government has announced the successful placement of US$1.097bn in sovereign bonds on the international market, involving investors from over 25 countries. This issue offered an interest rate of 7.12% and a term of 30 years, with a maturity date set at 2050. According to Finance Minister Nelson Fuentes, the successful placement of the bonds reflects the “high interest of international market investors…thereby demonstrating credibility and confidence in El Salvador and the government of President Nayib Bukele”. The funds raised by the bonds will be used to pay off US$800m in Eurobonds and help finance the government’s 2019 budget.

End of preview - This article contains approximately 105 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial