I read recently this article:
============
DR sells US$1.2 billion in sovereign bonds
Minister of Hacienda Donald Guerrero Ortiz announced the successful placement of Dominican sovereign bonds for the amount of US$1.2 billion as authorized by the National Budget Law 690-16. The new 10-year bonds will yield 5.95%.
Guerrero said that the bonds were sold in three hours and the total demand was US$2.9 billion. He said 180 orders were received from investors in several countries.
The transactions were handled by J.P. Morgan and Banreservas as co-manager.
http://www.diariolibre.com/economia/...ones-BI6028267
http://cbonds.com/emissions/issue/193561
===================
I find it interesting how JP Morgan is making money off not only the DR but all these other countries on this planet by being the middle man for selling government bonds. Why cannot these governments figure out some other way of selling bonds without incurring a high fee to JP Morgan and the like. This adds unnecessary debt to debt (bond) that this country already will have difficulty paying back.
============
DR sells US$1.2 billion in sovereign bonds
Minister of Hacienda Donald Guerrero Ortiz announced the successful placement of Dominican sovereign bonds for the amount of US$1.2 billion as authorized by the National Budget Law 690-16. The new 10-year bonds will yield 5.95%.
Guerrero said that the bonds were sold in three hours and the total demand was US$2.9 billion. He said 180 orders were received from investors in several countries.
The transactions were handled by J.P. Morgan and Banreservas as co-manager.
http://www.diariolibre.com/economia/...ones-BI6028267
http://cbonds.com/emissions/issue/193561
===================
I find it interesting how JP Morgan is making money off not only the DR but all these other countries on this planet by being the middle man for selling government bonds. Why cannot these governments figure out some other way of selling bonds without incurring a high fee to JP Morgan and the like. This adds unnecessary debt to debt (bond) that this country already will have difficulty paying back.
