A bell marked the first launching of securities in the Dominican Republic, a milestone for the country. The equity investment instrument is comprised of up to 40% of the common shares of Pasteurizadora Rica, S. A., contributed to the trust by Pasteurizadora Rica and Consorcio Cítricos Dominicanos.
The administrator of the Universal Trust and the stock exchange positions authorized for this issue, Inversiones Popular and CCI attended the launching ceremony at the Dominican Republic Stock Exchange and Securities Markets (BVRD).
This public offering trust is an equity investment option open to all types of investors. It is a single issue of RD$8 billion. The securities can be acquired through the trading companies authorized by the trust.
Each of the trust securities has a unit value of RD$100 on the first day of placement and may subsequently be sold in the secondary market at its market value.
As administrator of the trust, Fiduciaria Universal will publish daily values of the securities.
The executive president of Grupo Rica, Pedro Brache said that his company’s decision to go to the stock market was based on two criteria: on the one hand, the opportunity to opt for financing that supports the growth and expansion strategy of the business group and, on the other, to allow citizens and companies to invest in a Dominican company that has been part of their lives. Rica is the leading fruit juice and dairy company in the Dominican Republic.
Read more in Spanish:
El Caribe
30 September 2019