The Government of Yesterday El Salvador launched an offer of buyback of its external debt with maturities between 2027 and 2052 for about seven thousand 200 million dollars, as reported by President Nayib Bukele.
“We have launched the RE PURCHASE offer of our EXTERNAL DEBT, which matures from 2027 to 2052. “All those who own bonds of the Republic of El Salvador can access this public and voluntary repurchase,” Bukele published on his X account.
According to an official statement, These are nine amounts that total a debt of more than seven thousand 199 million dollars, which have interest rates between six and nine percent.
The purchase prices offered by the Salvadoran Government are between 24 and 1,025 dollars.
“The invitation is part of a broader program by El Salvador to proactively manage its external public debt and promote certain conservation and sustainability efforts in El Salvador,” says the letter published in English.
It adds that El Salvador “reserves the right, at its sole discretion, to accept only a portion of the bonuses offered, not to accept any or all offers and to extend or terminate the Invitation with respect to one or more series for any reason ”.
At the end of 2023, El Salvador’s total public debt reached 20,097.64 million dollars, of which 12,088.61 million dollars correspond to external debt. These accounts do not include the pension debt, which reached 10,231.93 million dollars.