Linklaters advises Deutsche Bank Securities on the Republic of El Salvador’s Cash Tender Offer

Represents second cash tender offer by the Republic of El Salvador in 2022

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 $74m to purchase the principal amount of Notes accepted for tender and pay accrued interest and any premium with respect to the Notes. The Republic used approximately $74m to repurchase $82m worth of Notes at less than face value and pay accrued interest.

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