A recent Bloomberg report highlights that El Salvador’s fiscal maneuvers continue to move the dynamics of international markets in its favor and that the yield on Salvadoran bonds is over 70%, making it one of those with the greatest stabilization in the region. Latin American.
Bloomberg took up the conclusions of Thomas Jackson, analyst at the investment and wealth management bank Oppenheimer & Co. Inc., who highlighted that the strategies recently adopted by the Government of El Salvador, such as the acceptance of the private banking proposal to carry out an “exchange of short-term papers for new ones with maturities of up to seven years, as well as the pension reform could provide fiscal respite while the country explores sources of external financing.”
Likewise, Jackson stated that the announcement that he will reprofile short-term debt influenced Salvadoran debt issues to be priced higher, as was the case of the security maturing in 2029 whose yield went from $001.8 cents to $0.80 cents.
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