El Salvador Buys Back $565M Worth of Bonds, Plans to Launch New Offering in 8 Weeks

El Salvador Buys Back $565M Worth of Bonds, Plans to Launch New Offering in 8 Weeks


The bond repurchase, launched on Sept. 12, is seen as an attempt by El Salvador to dispel rumors of a potential default on its debt. The Central American country has had strained relations with the traditional credit market, particularly after it established bitcoin (BTC) as legal tender in September 2021

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