The Dominican Republic placed a first sovereign US$750 million green bond on 25 June 2024. The green bond sovereign sold 12-year notes. In a resounding demonstration of global investor confidence in the Dominican Republic’s commitment to sustainability, the country’s inaugural green bond issuance received an overwhelming response, with demand from international investors exceeding the offered amount by six times.
The sovereign green bond, valued at US$750 million, was met with enthusiastic participation from a diverse range of investors, including asset managers, pension funds, and insurance companies. This strong interest underscores the growing appetite for environmentally responsible investment opportunities, particularly in emerging markets like the Dominican Republic.
Proceeds from the bond sale will be exclusively allocated to finance eligible green projects aligned...
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