Linklaters advised Deutsche Bank Securities Inc., as dealer manager, in connection with the Republic of El Salvador’s offer to purchase for cash its 7.75% Notes due 2023 (the “2023 Notes”) and 5.875% Notes due 2025 (the “2025 Notes” and, together with the 2023 Notes, the “Notes”), subject to an aggregate amount not to exceed $360m to purchase the principal amount of Notes accepted for tender and pay accrued interest and any premium with respect to the Notes. The Republic of El Salvador repurchased 54% of the principal amount of the 2025 Notes and 22.44% of the 2023 Notes.

The Linklaters deal team was led by partner Conrado Tenaglia and counsel Alejandro Gordano, alongside associate Juan Mata and foreign attorneys Manuel Eyzaguirre and Loreto Joannon.