On Friday, 22 January 2016, the Ministry of Hacienda reported that the Dominican Republic had raised US$1 billion from a recent bond placement. The financing is part of the 2016 National Budget. The Ministry reports that the placement was made for 10 years at an interest rate of 6.875%.
The Ministry said that it received demand for US$2.8 billion, or three times the actual offering that was cleared in three hours time. In addition, 150 orders were received from investors in the United States, Europe, Latin America and the Dominican Republic.
http://www.hacienda.gov.do/comunicaciones/noticias/rd_coloca_bonos_soberanos_US$1,000_millones.htm
http://em.cbonds.com/countries/Dominican-bond
