• El Salvador's president announces full payment of an $800 million bond, averting default

    7 days ago - By Business Insider

    President of El Salvador Nayib Bukele Rolan Barrientos/APHOTOGRAFIA/Getty Images
    El Salvador paid an $800 million bond with interest, President Nayib Bukele tweeted on Monday.
    A portion had earlier been bought back, putting the amount that matured on Tuesday at about $600 million.
    The government got a big boost in its ability to pay after receiving a $450 million loan from the Central American Bank for Economic Integration.
    President Nayib Bukele took to Twitter on Monday to announce that El Salvador repaid an $800 million bond issue with interest. A portion had earlier been bought back...
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