Minister of Hacienda Donald Guerrero Ortiz announced the successful placement of Dominican sovereign bonds for the amount of US$1.2 billion as authorized by the National Budget Law 690-16. The new 10-year bonds will yield 5.95%.
Guerrero said that the bonds were sold in three hours and the total demand was US$2.9 billion. He said 180 orders were received from investors in several countries.
The transactions were handled by J.P. Morgan and Banreservas as co-manager.
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Diario Libre
CBonds
20 January 2017
