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Investors are seeing a potential opportunity in El Salvador's bonds if Donald Trump were to be reelected as president. They believe that Trump's return to the White House could help secure funding for El Salvador from institutions like the International Monetary Fund (IMF), which have been hesitant to lend to a country that uses Bitcoin as its official currency. El Salvador's dollar bonds have already outperformed since June 27, when President Joe Biden's debate performance led to speculation of a Trump win. While El Salvador's president, Nayib Bukele, has had a strained relationship with the US government, a Trump presidency could potentially unlock a deal with the IMF. However, the IMF has expressed concerns about El Salvador's use of Bitcoin and has asked the country to abandon it if it wants IMF funding. El Salvador's debt burden is high, and a deal with the IMF would provide further funding and boost investor confidence. [Extracted from the article]

El Salvador's President Nayib Bukele, who has declared himself the world's coolest dictator, may benefit from a Trump election as it could help unlock funding for the country from institutions like the International Monetary Fund (IMF). Currently, the IMF has been hesitant to lend to El Salvador due to its use of Bitcoin as an official currency. Bond investors see this as a positive trade opportunity, with El Salvador's dollar bonds outperforming since June 27. Bukele has had a rocky relationship with the US government, but a friendlier face in the White House could potentially lead to a deal with the IMF. However, the IMF has expressed concerns about the risks of having Bitcoin as legal tender and has asked El Salvador to abandon it. El Salvador's debt burden is around 70% of GDP, and a deal with the IMF would provide further funding and boost investor confidence. [Extracted from the article]

El Salvador's President Nayib Bukele may benefit from a potential Donald Trump presidency, according to bond investors. They believe that Trump's return to the White House could help secure funding for El Salvador from institutions like the International Monetary Fund (IMF), which have been hesitant to lend to a country that uses Bitcoin as its official currency. Dollar bonds from El Salvador have already outperformed since June 27, when President Joe Biden's debate performance led investors to anticipate a higher chance of a Trump win. Bukele has had a strained relationship with the US government, but investors see a friendlier face in the White House as a potential catalyst for an IMF deal. However, the IMF has expressed concerns about El Salvador's use of Bitcoin and has asked the country to abandon it if it wants IMF funding. El Salvador's debt burden is around 70% of GDP, and a deal with the IMF would provide further funding tied to economic reforms. [Extracted from the article]

El Salvador's President Nayib Bukele may benefit from a potential Donald Trump presidency, according to bond investors. They believe that Trump's election could help El Salvador secure funding from institutions like the International Monetary Fund (IMF), which have been hesitant to lend to a country that uses Bitcoin as its official currency. Dollar bonds from El Salvador have already outperformed since June 27, when President Joe Biden's debate performance led investors to adjust for higher chances of a Trump win. Bukele has had a rocky relationship with the US government, but investors see a friendlier face in the White House as a potential catalyst for an IMF deal. [Extracted from the article]

El Salvador has bought back $487 million of its hard-currency bonds after issuing debt in the global capital market for the first time in almost four years. The government accepted all tenders for notes due in 2025, as well as a portion of the offered bonds maturing in 2027 and 2029. The buyback was slightly better than expected, according to an economist, and the newly-issued 2030 notes saw a rise in value. While the transaction eases the strain on El Salvador next year, it also sends a negative signal by giving the government 18 months to reach a deal with the International Monetary Fund before facing higher interest rates on the securities. [Extracted from the article]

El Salvador is offering to buy back some of its dollar bonds from investors as risk premiums on the securities decrease. The country is specifically targeting bonds due in 2025, 2027, and 2029. This move comes as the extra yield investors demand to hold El Salvador's debt over US Treasuries has declined this year. The nation has previously conducted two dollar bond buybacks to regain investor confidence. The offer to buy back bonds expires on April 15. [Extracted from the article]

El Salvador is offering to buy back some of its dollar bonds from investors as risk premiums on the securities decrease. The country is specifically targeting notes due in 2025, 2027, and 2029. This move is seen as a positive indicator of President Nayib Bukele's government's stability and is expected to have a positive impact on bond prices. However, some money managers are growing cautious due to deteriorating fiscal accounts and the delayed loan from the International Monetary Fund. The offer expires on April 15 and is being managed by BofA Securities, Inc. [Extracted from the article]

The Central American nation's overseas notes are the best-performing in emerging markets Tuesday, with the price of $348 million of bonds due in 2025 surging to the highest since September 2021. (Bloomberg) -- El Salvador's bonds are on a roll as investors cheer on signs that President Nayib Bukele's government is trying to shore up finances. [Extracted from the article]

The Central American nation's overseas notes are the best-performing in emerging markets Tuesday, with $348 million of bonds due in 2025. (Bloomberg) -- El Salvador's bonds are on a roll as investors cheer on signs that President Nayib Bukele's government is trying to shore up finances. [Extracted from the article]

Bukele managed to spark a bond rally in July when he announced the buyback even as Bitcoin plunged. (Bloomberg) -- For much of the four years since he won office, El Salvador's President Nayib Bukele has relished his role as an anti-establishment warrior. [Extracted from the article]

(Bloomberg) -- For much of the four years since he won office, El Salvador's President Nayib Bukele has relished his role as an anti-establishment warrior. Bukele managed to spark a bond rally in July when he announced the buyback even as Bitcoin plunged. [Extracted from the article]

That leaves investors to focus in on other pockets of risk in the meantime - like Tunisia, which is the only other non-defaulted, distressed emerging market with a major foreign, hard-currency bond maturing this year. (Bloomberg) -- The Bitcoin-touting government of El Salvador's Nayib Bukele is poised to deliver on a $604 million bond maturing this week, marking a turn of events that leaves investors in distressed emerging-market debt with only one more big maturity to worry about this year. [Extracted from the article]

"Some frontier markets are concerning, but at the bigger market level, foreign ownership of debt has come down because more debt has been issued locally and bought by domestic investors. That leaves investors to focus in on other pockets of risk in the meantime - like Tunisia, which is the only other non-defaulted, distressed emerging market with a major foreign, hard-currency bond maturing this year. (Bloomberg) -- El Salvador's Bitcoin-touting government is poised to deliver on a $604 million bond maturing this week, in a turn of events that leaves investors in distressed emerging-market debt with only one more big maturity to worry about this year. [Extracted from the article]