The president of El Salvador, Nayib Bukelesaid that the Central American country officially launched on Friday an offer to buy back foreign debt maturing between 2027 and 2052.
The invitation to holders will be valid until October 10 in the afternoon, said the Salvadoran government in a statement.
“All bondholders of the Republic of El Salvador can access this rpublic e-purchase and voluntary,” Bukele said in his X account.
The offer is part of a El Salvador’s most extensive program to manage its external public debt proactively and promote certain conservation and sustainability efforts in the country, the Government said in the statement.
In the document, The Government indicates that El Salvador will announce on October 15 the total principal amount of the bonds of each series accepted for purchase and the expected total principal amount of the bonds of each series that remain outstanding after the termination of the invitation.
While on October 16, he said, he will carry out the purchase of “validly offered” bonds and accepted of each series to the holders and will pay the purchase price corresponding to said bonds, plus the accrued interest.
According to figures from the Central Bankthe external debt stood at 11.7 billion dollars as of the second quarter of 2024.
El Salvador launched a similar buyback of external debt in April, accepting bids for just under $487 million of notes maturing in 2025, 2027 and 2029.
