El Salvador Pitches Investors on First Bond Sale Since 2020.

INVESTORS; J.P. Morgan Chase & Co.; FIXED-income securities; BONDS (Finance); BOND market; EXTERNAL debts; BOND prices; STOCK repurchasing; REDEMPTION (Law)

El Salvador is planning to make its first return to international debt markets in almost four years and is offering to repurchase some of its existing bonds from global investors. The government has hired BofA Securities to pitch the deal to fixed-income money managers. The potential debt sale comes as appetite grows for risky emerging-market bonds, although the market has become more cautious due to the nation's deteriorating fiscal accounts and the absence of a loan from the International Monetary Fund. El Salvador last sold bonds in 2020 during the height of the pandemic. [Extracted from the article]

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