Flash Report /
El Salvador

El 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

El Salvador's buyback boondoggle
Stuart Culverhouse
Stuart Culverhouse

Chief Economist & Head of Fixed Income Research

Tellimer Research
27 July 2022
Published byTellimer Research


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