A visiting mission from global financial services firm JP Morgan has issued a report praising the performance of the Dominican economy. The financial group highlighted that the economy has registered a 7.2% GDP growth in the first half of the year, according to the new methodology used by the Central Bank, as reported in Diario Libre.<\/p>\n
In addition to the fast-paced growth and broad macroeconomic stability, JP Morgan also highlighted that the PLD is likely to win the next 2016 presidential election, for a fourth consecutive time given the high ratings enjoyed by the Medina administration.<\/p>\n
In April 2014, JP Morgan participated in the Dominican Republic first offering of 30-year dollar debt since 1994. US$1.25 billion in securities due in 2044 were issued at a yield of 7.45%. JP Morgan Chase & Co together with Goldman Sachs Group arranged the transaction. This is in addition to the US$1.5 billion in overseas bond markets that were raised last year. <\/p>\n
http:\/\/www.diariolibre.com\/dl-english\/2014\/09\/01\/i771731_morgan-economy-going-full-blast.html<\/p>\n
http:\/\/www.creditopublico.gov.do\/ingles\/Bonds%20Issues\/external\/prospectus\/2887143_5(DR%20-%20Final%20Offering%20Memorandum%20-2014%20…pdf<\/p>\n","protected":false},"excerpt":{"rendered":"
A visiting mission from global financial services firm JP Morgan has issued a report praising the performance of the Dominican economy. The financial group highlighted that the economy has registered a 7.2% GDP growth in the first half of the year, according to the new methodology used by the Central Bank, as reported in Diario … <\/p>\n