NEW YORK, NEW YORK, UNITES STATES, October 11, 2022 /EINPresswire.com/ — Torino Economics, the financial analysis unit of Torino Capital, has printed its newest report on the scope of El Salvador’s sovereign bond repurchase transaction and its prospects.
El Salvador Flash Note highlights:
On July twenty sixth, El Salvador’s President, Nayib Bukele, introduced the choice to repurchase the nation’s sovereign debt bonds maturing in 2023 and 2025 upfront to keep away from a potential default.
Although the transaction initially established a most repurchase quantity of USD 360 million, on September twenty first, Bukele introduced by means of his Twitter account that “The transaction was so successful in the “first section” that we have decided to launch another offer for the remainder of the 2023 and 2025 bonds.”
Although the primary repurchase settlement of a part of El Salvador’s 2023 and 2025 bonds represents a brief-time period monetary aid, it is just a palliative measure as it will be inadequate to convey confidence to the market, particularly contemplating the absence of an settlement between the International Monetary Fund, and the shortage of a complete macroeconomic plan.
Link entry to the Report
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