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by jinzo
1375 days ago
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They invested US$100 million (and currently that's around US$50 million). The next bond payment (2023 note that they are trying to buy back now) is due in January and that alone is US$800 million. So, their investment should yield really high returns for it to even make a decent dent into the first bond. From all the fanfare around them, I was sure they had to invest more. But after looking up the numbers, this looks like a publicity stunt more than any serious investment. Also 20% adoption when it's mandatory to support it, is quite interesting too. |
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> The next bond payment (2023 note that they are trying to buy back now) There are two bonds which they are buying. The 2023 one at 91 cents per dollar, and the 2025 one at 51 cents per dollar.
> this looks like a publicity stunt more than any serious investment.
El Salvador has a very good PR team. So many announcements have their own publicitiy students. Teven produce different material targeting different foreign countries. It's always interesting to see what each to see what PR message each country gets.
For example: Targeting those who didn't agree on vaccine mandates in English Speaking Countries (Australia/Canada/UK):
https://twitter.com/CanAlbertaHuman/status/14784727600660725...
https://twitter.com/LowCard_Hunger/status/148358166523034010...
Targeting those who wanted vaccines in neighboring countries (Honduras):
https://twitter.com/radioamericahn/status/140378336359768474...
https://twitter.com/gotvhonduras/status/1402268608068268041