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El Salvador Reduces Debt through Buyback
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El Salvador accepted offers totaling $487 million in a bond buyback initiative directed at repurchasing maturing debts from 2025, 2027, and 2029. This move, announced by the government, will reduce the total outstanding debt across these issues from $1.75 billion to $1.26 billion.
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How could the reduced outstanding debt from the buyback affect El Salvador's overall economic stability and growth prospects?
How might this bond buyback impact El Salvador's future borrowing costs and credit ratings?
What factors influenced El Salvador's decision to engage in a bond buyback at this particular time?
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