The Dominican Republic government placed US$1 billion on Thursday, 30 April 2015 through a dual-tranche reopening of 10 and 30-year bonds. The placement was included in the 2015 National Budget. <\/p>\n
The Ministry of Hacienda reported that the placement was dual-tranched: Reopening of the US$500 million 10-year bond (2025) at a rate of 5.125% down from 5.5%, and reopening of the 6.85% 30 years bond (2045) now priced at 6.5%. <\/p>\n
As reported, proceeds are being used for general purposes, including partial financing for the country’s 2015 budget. Investors were attracted to the bonds by reports of a booming tourism industry and an economy that has benefitted by unexpected lower oil prices and the placement was in record time due to the high demand. <\/p>\n
The transaction was handled by J. P. Morgan and Bank of America Merrill Lynch and by the Banreservas as co-manager. <\/p>\n
http:\/\/www.diariolibre.com\/noticias\/2015\/04\/30\/i1126001_repblica-dominicana-coloca-bonos-soberanos-por-000-millones-dlares.html<\/p>\n
http:\/\/www.reuters.com\/article\/2015\/04\/30\/dominican-bonds-idUSL1N0XR2GS20150430<\/p>\n","protected":false},"excerpt":{"rendered":"
The Dominican Republic government placed US$1 billion on Thursday, 30 April 2015 through a dual-tranche reopening of 10 and 30-year bonds. The placement was included in the 2015 National Budget. The Ministry of Hacienda reported that the placement was dual-tranched: Reopening of the US$500 million 10-year bond (2025) at a rate of 5.125% down from … <\/p>\n