Bukele Says El Salvador Paid Full $800 Million of Debt Due
- Nation’s president announces repayment of 2023 bond on Twitter
- Next major El Salvador foreign-bond maturity comes due in 2025
Nayib Bukele
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
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.
Bukele on Tuesday announced payment of principal and interest on $800 million of the Central American nation’s dollar bonds maturing Jan. 24. El Salvador had already bought back a portion of the debt, leaving just $604 million of bonds to mature on Tuesday.