LatinNews Daily - 09 April 2024

In brief: El Salvador unveils plans to repurchase dollar bonds

*El Salvador’s government led by Nayib Bukele has announced that it is offering to buy back some of its dollar bonds from investors according to a government statement. The bonds targeted for repurchase, which is intended to reduce El Salvador’s external debt, include 5.875% due in 2025, 6.375% due in 2027, and 8.625% due in 2029. The outstanding debt from the notes earmarked in the repurchase totals some US$1.75bn. The government last carried out dollar bond repurchases in 2022.

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