Dominican Republic to issue more bonds

Jan 9, 2004
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The DR looks to be retiring some of its older debt by buying back its bonds……the good news.

The bad news is that they are preparing a new bond sale and borrowing even more. While debt is not necessarily a bad thing, the inability to pay it back is.

That having been said, almost every time they have issued new or more debt……they raise taxes/fees somewhere to pay for it. Expect new or higher taxes/fees in the not too distant future.

Progress does have a price.


Respectfully,
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