El Salvador wants to buy sovereign bonds

El Salvador plans to buy back about $1.6 billion in sovereign bonds at market prices, as part of a plan to reduce debt and avert fears of default, the president says Nayib Bukele said Tuesday.

Mr Bukele said on Twitter that his government had sent two bills to Congress seeking funds for a “transparent, public and voluntary” tender offer for bonds maturing in 2023 and 2025 at market prices in about six weeks.


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