El Salvador is planning to come to market with an international long-term issue of up to $800 million.
"If El Salvador does make it to market with this deal then it would be very well received," says Walter Molano, head of research from BCP Securities. "There is still a lot of cash on the sidelines but it is hard to trade anything at the moment as the market is very illiquid and so this is a good moment for new issues, especially smaller sovereigns."
There is still uncertainty as to when a deal...
