El Salvador launches purchase offer for remaining 2023-2025 external debt

Adds comments from El Salvador government, president, and background details

Nov 29 (Reuters) - El Salvador's President Nayib Bukele said on Tuesday that the small Central American nation launched a purchase offer for its remaining external debt due from 2023 to 2025.

"All holders of bonds of the Republic of El Salvador can access this voluntary repurchase," Bukele said on Twitter.

The invitation for holders to submit offers to tender the notes for cash is "subject to an aggregate amount not to exceed $74 million," El Salvador said in a statement.

Bukele, however, added that "last time $46 million in offerings remained outstanding."

In September, El Salvador said it would spend the maximum $360 million allowed in its offer to repurchase bonds maturing in 2023 and 2025, underscoring that the discounted purchases resulted in the outstanding value of the bonds being reduced by $565 million.

(Reporting by Anthony Esposito; Editing by Brendan O'Boyle)

((anthony.esposito@tr.com; +5255 5282 7140;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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