The government has placed on the international market an issue due 2027 at a coupon of 6.375%, with offers that exceeded the amount placed by 5.8 times.
From a statement issued by from Presidency of El Salvador:
(Thursday 11 September) the Republic of El Salvador made a successful placement of sovereign bonds (Eurobonds) in the international market to the tune of $800 million, covered by Legislative Decree No.
The Legislature approved with 84 votes a government issuance of bonds for $800 million in order to pay for Eurobonds acquired in 2003.
A press release of the Legislative Assembly of El Salvador reads:
With the votes of 84 MPs from all parliamentary groups, the full Legislature authorized the Executive Branch in the field of Finance, to issue securities for eight hundred million dollars, in order to meet the demand for early redemption of the El Salvador’s Eurobond issue, maturing in 2023.
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