Odaily Planet Daily reported that with the rise of Bitcoin and the outcome of the U.S. elections, El Salvador's President Nayib Bukele has proposed a repurchase of dollar bonds for the third time this year. According to a statement released on Tuesday, the government proposed to repurchase a series of notes maturing from 2027 to 2034. The total outstanding principal of these securities exceeds $2.5 billion. The statement did not specify how the transaction would be paid for. However, a knowledgeable source indicated that the debt repurchase depends on new financing, the details of which have not yet been disclosed, as this information has not been made public. Data shows that since Trump won the U.S. presidential election last week, El Salvador's debt return rate has reached 4.7%, outperforming all emerging market countries except Ukraine. Investors have long believed that Trump's second term would help Bukele gain support for loans from the International Monetary Fund. New York Union Bank economist Katrina Butt said, 'The market sees El Salvador as a 'Trump deal,' with expectations that a closer personal relationship between Bukele and Trump will benefit El Salvador, and they are unlikely to have enough cash for this repurchase and may need to enter the market for financing the transaction.' (Bloomberg)

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