The offer, which began July 14, 2026, is contingent upon the issuance of new notes, the terms of which remain under review by the state. Participation is open to holders of the $700 million in outstanding 2027 notes, provided they meet a minimum denomination of $150,000. Investors wishing to subscribe to the new offering can obtain a priority allocation code through designated dealer managers, including Citigroup Global Markets and Santander US Capital Markets.

Honduras retains broad discretion to determine the final maximum purchase amount, amend terms, or terminate the offer entirely. Tenders must be submitted via the Depository Trust Company’s automated program before the expiration deadline of 5:00 p.m. New York City time on July 21, 2026. The government expects to announce preliminary tender results on July 22, with the final settlement scheduled for July 29, 2026. Global Bondholder Services Corporation is serving as the information and tender agent for the transaction.