A. M. 
The President of the Republic, Nayib Bukele, announced that El Salvador has accepted debt repurchase offers totaling US$940,441,670.83. Through his official web page, the president highlighted that this operation represents a significant step towards improving the country’s financial health and its capacity to face future economic challenges.
According to the government’s official statement, this repurchase was part of an invitation issued on October 4, 2024, which allowed bondholders to submit sale offers under certain conditions. The process of receiving bids culminated on october 10 at 5:00 p.m. New York time, marking the beginning of an operation that has the potential to improve the market’s perception of salvadoran debt.
The bonds accepted for purchase belong to different series, and settlement of the transaction is expected to take place on october 16, 2024. On that date, holders will receive the purchase amount and accrued interest to that date, providing investors with a strategic exit in an uncertain financial environment.
The transaction was managed by J.P. Morgan Securities LLC. The government emphasized that this repurchase was conducted in compliance with applicable laws and does not represent a general offer to purchase bonds, which reinforces the transparency of the process.
These actions not only help manage the country’s debt, but also contribute to economic stability and investor confidence in El Salvador’s future. As the government implements measures to improve the fiscal situation, debt buybacks are a key tool to ensure sustained growth and investment in areas critical to the country’s development.
