Published 1 year ago

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

Summary by Ground News

El Salvador has repaid an $800 million bond, Finance Minister Alejandro Zelaya said. The payment came on the same day the bond was set to mature. Zelaya denounced a "disinformation campaign" in national and international media. Fitch downgraded El Salvador's sovereign debt to "CC" from "CCC" in September.

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Reuters

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 progress in cutting debt.

1 year ago·United Kingdom

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Associated Press News

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.

1 year ago·United States

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Bloomberg

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.

1 year ago·United States

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The Guardian Nigeria

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 […]

1 year ago·Nigeria

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WTVB

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

SAN SALVADOR (Reuters) - 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 progress in cutting debt. "We announce that we have today completed payment of the 2023 bond for $800 million, plus interest," Zelaya said on Twitter, denouncing a "disinformation campaign" in national and international media. Th…

1 year ago

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