Home Business El Salvador President, Bukele Launches Offer for External Debt Repurchase
BusinessFinanceNewsWorld

El Salvador President, Bukele Launches Offer for External Debt Repurchase

487
El Salvador President, Bukele announces invitation offer to tender for cash
El Salvador President, Nayib Bukele.

El Salvador’s President Nayib Bukele announced on X (formerly Twitter) on Monday evening that the country has officially launched the purchase offer for the external debt due from 2025 to 2029.

“Today we have officially launched the purchase offer for our external debt due from 2025 to 2029.  All holders of bonds of the Republic of El Salvador can access this public and voluntary repurchase,” Mr Bukele posted, notifying of El Salvador’s decision.

The announcement came a day after Bukele announced his plan to offer 5,000 free passports, with voting rights, to highly skilled migrants from abroad in fields such as engineering, artists, doctors, and philosophers.

In furtherance to the notification, Bukele added a link indicating El Salvador’s in-depth provision to the effect, urging all bondholders to access the “public and voluntary repurchase” for external debt due from 2025 to 2029.

The report noted, “The Republic reserves the absolute right to amend or terminate the offer in its sole discretion, subject to disclosure and other requirements as required by applicable law”.

Meanwhile, the screenshot above shows the financial terms for the invitation, as El Salvador invites holders to tender its 2025, 2027, and 2029 notes for cash.

Read: Mexico, U.S. and Canada Experience Total Solar Eclipse on Monday 

About The Author

Written by
Mayowa Durosinmi

M. Durosinmi is a West Africa Weekly investigative reporter covering Politics, Human Rights, Health, and Security in West Africa and the Sahel Region

Related Articles

MusicNews

Highlife Icon Mike Ejeagha Dies at 95, Tributes Pour In Across Nigeria

Renowned highlife musician and folklorist Mike Ejeagha has died at the age...

Mali Morila Gold Mine
BusinessNews

Mali Takes Over Once-Leading Morila Gold Mine for $1 in Bid to Revive Production

The Malian government has officially taken over Société des Mines de Morila...

Malian Customs Cocaine
News

Malian Customs Seize Over 100 Kilogrammes of Cocaine in Major Operation

Malian customs officials seized more than 100 kilogrammes of pure cocaine on...

News

Youth-Led Protests Erupt in Togo Against Government Corruption, Abuse of Power, and Repression on President’s Birthday

On June 6, coinciding with President Faure Gnassingbé’s birthday, youth-led protests erupted...