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El Salvador’s Bitcoin-touting President Nayib Bukele said the nation fully repaid a maturing foreign bond, staving off default after securing a last-minute loan and buying back millions of dollars of its own debt.
Bukele on Tuesday announced payment of principal and interest on $800 million of the Central American nation’s dollar bonds maturing Jan. 24. El Salvador had already bought back a portion of the debt, leaving just $604 million of bonds to mature on Tuesday.