The bond issue for US$175 million has been more than successful, according to sources at electricity generating company EGE Haina. The bonds, sold under SEC regulations in the United States have received offers for more than ten times the value of the issue. According to EGE Haina, several financial institutions offered to buy US$1.7 billion in bonds, and company sources told Listin Diario that this was a sign of investor confidence in the Dominican Republic as well as in the company. The ten-year bonds carry a 9.5% interest rate and were offered at 484 base points above US Treasury bonds.