The Republic of Honduras Concludes Tender Offer for 6.250% Notes Due 2027

On July 22, 2026, the Republic of Honduras announced the completion of its recent tender offer regarding its outstanding 6.250% Notes due in 2027. These bonds, which are a significant financial instrument for the country, were the subject of a cash purchase offer that was initially announced on July 14, 2026. This offer was made with specific terms and conditions laid out in the Offer Document issued by the Republic.

The tender offer formally closed at 5:00 PM New York City time on July 21, 2026. As part of this process, the government was keen to gauge the market’s response to its existing debt obligations. The total principal amounted to U.S. $700,000,000 as of July 14, 2026. Notably, the tender yielded an impressive participation rate, with approximately $615,671,000 of the Notes being validly tendered by the deadline.

The government of Honduras has indicated plans to announce the maximum purchase amount along with details on the accepted tenders shortly after the expiration date. This upcoming announcement will also clarify any potential proration of the existing notes—a process that may adjust the acceptance based on the total amount tendered in relation to the maximum amount available for purchase.

In the Offer Document, the purchase price for those notes accepted was set, which included the fixed price details previously distributed in an earlier press release. Holders of the validly tendered notes stand to receive the purchase price plus any accrued interest, assuming all conditions of the offer are fulfilled.

One critical aspect of this tender offer is its inter dependence with the issuance of new notes by Honduras. The successful completion of the tender offer is conditioned on the terms acceptable to the government regarding the New Notes Offering. This new issuance is essential not only for financial management but also for the overall economic strategy of the country.

Honduras maintains discretion regarding the acceptance of the tenders, a power that allows the government to adapt to the economic landscape as needed. They also hold the right to amend or terminate the Offer at any given time as conditions change in the market context.

As stipulated, the tendered existing notes will be returned to their holders should the offering be terminated. This contingency is in place to ensure that affected investors remain protected.

Notably, the tender offer is not an open invitation to purchase or a solicitation to sell the existing notes beyond the predefined framework. There are jurisdictional limitations to this offer, and it is crucial for involved parties to familiarize themselves with these restrictions to ensure compliance.

In summary, the Republic of Honduras' recent actions reflect a proactive approach towards managing national debt and promoting stability in its financial standing. As the expiry of the tender offer occurs, the government's transparency and forthcoming announcements will be critical for investors and market observers alike. The results of this initiative will not only impact existing bondholders but will also play a vital role in the nation's fiscal future.

Contacts for More Information

For anyone seeking further details about the tender offer, inquiries can be directed to the Dealer Managers listed in their recent communications. Citigroup Global Markets and Santander US Capital Markets are the primary representatives for this offer, and they can provide real-time insights into the ongoing situation. A wealth of information remains available on their respective websites, ensuring that all potential investors are well-informed of their options and any associated developments.

In conclusion, the expiration of this tender offer is a significant milestone for Honduras, marking another step in the country’s ongoing journey towards fiscal responsibility and economic resilience.