Minister of Hacienda Donald Guerrero announced the new placement of Dominican sovereign bonds as contemplated in the 2018 National Budget. These are five-year RD peso bonds valued at RD$40 billion (US$822 million) at an 8.9% yield and another for 30-year US$1 billion at a 6.5% yield.
Guerrero says that the placement in pesos, a country first, reduces the exchange risk for the country. El Dia reports this is the ninth placement made by the Medina administration since 2013.
Read more in Spanish:
Ministry of Hacienda
12 February 2018
