Ministry of Hacienda restructures local debt portfolio


Staff member
Feb 20, 2019

The Presidency announces that the Ministry of Hacienda has carried out a liability management transaction in the local market that will reduce the debt service of RD$74.9 billion for the period 2022-2027. The transaction also reduces the cost of financing by 66.2 basis points and increases the average maturity of the local peso bond portfolio from 7.83 to 8.92 years. The nominal value withdrawn was RD$92,427 million and comprises the repurchase of eleven local currency securities issued by the Ministry of Hacienda.

To carry out the transaction the Ministry of Hacienda had the participation of international investors that accessed the local market through global deposit notes (GDN), obtaining participation of more than RD$15 billion in repurchase offers. The country took advantage of the low-interest rates to secure better market conditions, reducing the refinancing risk...

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