This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
El Salvador’s Dollar Bonds Jump Higher on Announcement of Google Cloud’s Entry
August 31, 2023
Dollar bonds of El Salvador jumped higher by 3-5 points across the curve after Google Cloud announced plans to establish an office in the country and deliver digital services. The news is a positive wherein El Salvador will receive foreign inflows and it could serve as a harbinger for potential future foreign direct investment (FDI) into the nation after negative flows in 2022. Siobhan Morden, MD for LatAm fixed income at Santander said, “The investment commitment represents a feasible alternative growth strategy with potential reversal for higher FDI”.
Its 8.625% 2029s were up 3.1 points to 77.1, yielding 14.9%.
Go back to Latest bond Market News
Related Posts:El Salvador Downgraded to CC by Fitch
September 16, 2022
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.