El Salvador to Buy Back More Debt as Bukele Banks on Trump Lift
- Nation’s bonds have outperformed most peers since Trump won
- El Salvador’s Bitcoin holdings have ballooned after rally
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El Salvador is offering to buy back dollar bonds for the third time this year as President Nayib Bukele gets a fresh lift from Bitcoin’s rally and the US election results.
The government opened an offer to repurchase a series of notes due between 2027 and 2034. Those securites have a combined principal amount outstanding of more than $2.5 billion, according to a statement published Tuesday.