The El Salvador Finance Minister Alejandro Zelaya announced the country repaid the $800 million bond along with the interest, which was set to mature on January 24, 2023.
El Salvador President Nayib Bukele confirmed the news on Twitter calling out other news publications for spreading lies about the country’s inability to pay back the bond.
“Well, we just paid in full, 800 million dollars plus interest. But of course, almost nobody is covering the story. They lie and lie and lie, and when their lies are exposed, they go on silence mode,” Bukele tweeted.
Bukele continued to take jabs at multiple news outlets, “They all said that without striking an @IMFNews deal, we were going to be unable to pay our 2023 bond because our #Bitcoin losses.”
The presidency’s press office stated the payment, which followed an earlier transaction, included $604.1 million and interest of $23.4 million. “El Salvador is meeting its debt obligations,” the office noted.
Last September, Nayib Bukele announced that El Salvador repurchased a part of its debt bonds worth $565 million. El Salvador paid a total of $432 million for 54% of the bonds expiring in 2025. It also paid $133 million for 22.4% of the bonds expiring in 2023.
Recently, the El Salvador Legislative Assembly approved a digital securities bill that establishes the legal foundation for Bitcoin-backed bonds, which El Salvador intends to