El Salvador says it has repaid $800 million bond maturing January

El Salvador says it paid maturing $800 million bond

SAN SALVADOR, El Salvador (AP) — El Salvador has repaid one of two outstanding $800 million bonds, the country's treasury minister announced, pushing back worries the government could default amid its decision to make the volatile cryptocurrency bitcoin legal tender.

Bukele says that El Salvador paid US$800 million in bonds and avoids default

Salvadoran President Nayib Bukele assured that the country paid its foreign bonds due Tuesday in full, thus avoiding a default after obtaining a last-minute loan and repurchasing millions of dollars of its own debt. The president announced the total payment of the principal and interest of US$800 million of the bonds in dollars of the […]

El Salvador Pays Back $800M Maturing Bond, President Nayib Bukele Says

The country was the first in the world to use bitcoin as legal tender.

Bukele Says El Salvador Paid Full $800 Million of Debt Due

El Salvador’s Bitcoin-touting President Nayib Bukele said the nation fully repaid a maturing foreign bond, staving off default after securing a last-minute loan and buying back millions of dollars of its own debt.

El Salvador repays $800 millon bond: president

El Salvador has repaid an $800 million bond maturing this week, President Nayib Bukele announced on Monday, taking aim at critics who said the country would default. He said the media had created “the narrative that El Salvador was broke and going to default.” “In the past year, almost every legacy international news outlet said […]

El Salvador says it has repaid $800 million bond maturing January

El Salvador has repaid an $800 million bond, Finance Minister Alejandro Zelaya said on Monday, the same day the bond was set to mature, as the Central American country faced pressure to make...