El Salvador: a historic exchange of debt for nature News ad

El Salvador: a historic exchange of debt for nature

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El Salvador took advantage of a record sale of government debt in September to refinance its foreign debt through a special purpose vehicle through JPMorgan Chase. By tendering its entire $7.2 billion foreign debt, the country eventually agreed to buy back $1.03 billion, or 14% of its bonds maturing between 2027 and 2052. Bonds with … Read more

BofA extends exchange rate guarantees to a year News ad

BofA extends exchange rate guarantees to a year

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Following the rise in cross-border payments, Bank of America on Sunday introduced guaranteed exchange rates for up to one year, the longest term available in the industry. The growth of e-commerce businesses, services, manufacturing and the gig economy has led to a sharp increase in both the volume and value of cross-border payments in recent … Read more