El Salvador Buys Back $487 Million Bonds After Global Debt Sale

El Salvador bought back $487 million of its hard-currency bonds after tapping the global capital market for the first time in almost four years.

The Central American nation accepted all tenders for notes due in 2025, along with 41% and 24.7% of the offered bonds that mature 2027 and 2029, respectively, according to a government statement released Tuesday.

The result came after the government raised $1 billion in debt due in 2030 that included an additional interest-only security tied to the nation’s credit score or a deal with the International Monetary Fund.

“The outcome of the buyback was slightly ...