The head of President Leonel Fernandez’s economic advisors, Julio Ortega Tous, announced yesterday that the government will seek to extend the expiration term of the first US$500 million of sovereign bonds issued for at least another three years. Making his announcement from the Presidential Palace pressroom, he said that interest rate payments would not be affected and that the country would avoid confrontation and seek a friendly settlement with bondholders. He said that prior to the talks with those bondholders, the country would adhere to the agreements and commitments undertaken with the Paris club in April of this year.