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The Republic of El Salvador - Tender Offer 2024 (US) - Results

THE REPUBLIC OF EL SALVADOR ANNOUNCES THE RESULTS OF ITS INVITATION FOR OFFERS TO TENDER FOR CASH, AND EXPECTED ACCEPTANCE OF, ITS 2025 NOTES, 2027 NOTES AND 2029 NOTES

16 APRIL 2024


Full announcement including disclaimers and offer restrictions available via Prnewswire: Source: The Republic of El Salvador


SAN SALVADOR, El Salvador, April 16, 2024 /PRNewswire/ -- The Republic of El Salvador (the "Republic"), announced today the results of an Invitation for each holder to submit offers (the "Offers") to tender for cash the notes set forth in the table below (collectively, the "Notes"), upon the terms and subject to the conditions described in the invitation, dated April 8, 2024 (the "Invitation"). The Invitation and withdrawal rights expired as scheduled at 5:00 p.m., New York time on April 15, 2024.

The following table sets forth the results of the Invitation, as well as the principal amount of the Notes of each series which the Republic expects to accept for purchase subject to the Financing Condition:



1 The expected approximate proration factor is subject to rounding on a case-by-case basis in connection with minimum denomination adjustments as described below and is subject to acceptance, which is scheduled to occur on or before April 18, 2024.



The Republic will announce the aggregate principal amount of Notes of each series definitively accepted for purchase, the proration factor and the aggregate principal amount of Notes of each series remaining outstanding following the completion of the Invitation on or before April 18, 2024 (the "Acceptance Date")."


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THE REPUBLIC OF EL SALVADOR ANNOUNCES AN INVITATION FOR OFFERS TO TENDER FOR CASH ITS 2025 NOTES, 2027 NOTES AND 2029 NOTES

08 APRIL 2024


Full announcement including disclaimers and offer restrictions available via Prnewswire: Source: The Republic of El Salvador


San Salvador, El Salvador, April 8, 2024 – The Republic of El Salvador (the “Republic”), announced today the commencement of an invitation for each holder to submit offers (the "Offers") to tender for cash the notes set forth in the table below (collectively, the "Notes"), upon the terms and subject to the conditions described in the invitation, dated April 8, 2024 (the "Invitation"), to purchase the principal amount of Notes accepted for tender and pay accrued interest and any premium with respect to such Notes (the “Accepted Tender Amount”).

The Invitation will begin on the date hereof and, unless extended or earlier terminated, the Invitation and withdrawal rights will expire at 5:00 p.m., New York time on April 15, 2024 (such time, as may be extended, the "Expiration Time"). The settlement of validly tendered and accepted Notes is scheduled to occur on or about April 19, 2024 (the "Settlement Date"). The Republic reserves the right, in its sole discretion, to delay the Settlement Date without extending the Expiration Time.


Acceptance of tenders of Notes may be subject to proration if the amount to purchase the principal amount of Notes tendered and pay Accrued Interest and any premium with respect to such Notes is greater than the Accepted Tender Amount. El Salvador reserves the right, in its sole discretion, to accept only a portion of Notes tendered, not to accept any or all Offers and to extend or terminate the Invitation with respect to one or more series for any reason. El Salvador intends to give preference to Offers to tender each series of Notes based on the order of priority set forth under the column titled “Acceptance Priority” in the table below. El Salvador may decide in its sole discretion the aggregate principal amount of each series of Notes to be accepted for purchase.


The following table sets forth certain terms of the Invitation:"




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