El Salvador accepts debt buyback offer totaling about $940 million
2024-10-12 14:12:15
Salvador president nayib bukele platform post announcement countrydesk3cryptocurrencydesktopCrypto News
El Salvador's president, Nayib Bukele, announced on the X platform that the country has accepted a debt buyback offer totaling about $940 million. It is reported that the government of El Salvador has proposed to buy back sovereign bonds maturing from 2027 to 2052 at a price slightly above the market price or close to par. The analysis believes that El Salvador's debt buyback can have a positive impact on the price of bitcoin, strengthen the country's ability to support bitcoin investment, and position itself as a stronger advocate of cryptocurrencies.
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