President Nayib Bukele announced on Tuesday via X a new offer to repurchase bonds with maturities in 2027, 2029, 2030, 2032, and 2034. This marks the second consecutive operation by the Salvadoran government to buy back debt maturing in these years.
On October 4, Bukele’s administration initiated the first round of repurchasing foreign debt set to mature between 2027 and 2052. On October 12, it was reported that a total of $940.4 million had been accepted from bondholders, distributed among all bond maturities included in the offer.
In this latest announcement, the president revealed the government’s intention to acquire the remaining bond values: $387.4 million for 2027, $500 million for 2029, $1 billion for 2030, $500 million for 2032, and $248.18 million for 2034. The invitation for bondholders to sell will close on November 18, with results to be announced on November 25.
PR Newswire, which issued the statement on the buyback, noted that “the invitation is part of a broader program by El Salvador to proactively manage its external public debt and support certain sustainability and conservation efforts within the country.”
This marks El Salvador’s fifth bond buyback operation since 2022, when the government repurchased notes maturing in 2023 and 2025, saving the state $275 million. Subsequent buybacks have focused on acquiring bonds maturing in 2027 and 2029, as well as remaining 2025 notes.