Flash Report /
El SalvadorEl Salvador's buyback boondoggle
El Salvador plans a buyback of its 2023 and 2025 foreign bonds at market prices in an effort to stave off default
Details are scant, with the size and allocation unknown, but transaction is expected to start in six weeks
However, rather than keeping it discreet, the announcement could drive prices against it and reduce its effectiveness
Stuart Culverhouse
Chief Economist & Head of Fixed Income Research @ Tellimer Research
27 July 2022
Published byTellimer Research
