Dominican Republic Issues $1.822 billion in Bonds

The Caribbean country issued $1 billion on the international market for a term of 30 years and at a rate of 6.5%, and another $822 million with a 5-year term and a rate of 8.9%.

Friday, February 9, 2018

Dominican authorities reported that the country issued for the first time in the New York market, a 5-year bond issue for $822 million, and another, also in dollars, at 30 years and for $1 billion.

From a statement issued by the Ministry of Finance:

On February 8, the Dominican Republic made history in the global capital market by issuing for the first time in the New York market, a bond denominated in local currency for 5 years for RD $40,000 million (US $822 million), and a 30-year US dollar bond for US $1 billion at the lowest coupon rate issued by the country for this term.

The issuance of the Dominican peso bond (PDO) is part of the Dominican Government's strategy to continue reducing its exposure to foreign exchange variation and is the first to be carried out by a Latin American country not rated as investment grade, which demonstrates the confidence of investors in the economic growth and stability of the Dominican currency.  This issue was made at an interest rate or coupon on the DOP bond of 8.90%.

Read full release (in Spanish).

More on this topic

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November 2018

In Costa Rica, the Alvarado administration will ask the Congress for authorization to issue Eurobonds in international markets for at least $5 billion.

The Finance Minister, Rocío Aguilar, reported on November 20 that the country's public debt plans include the possibility of attracting more resources in the international market. One of the alternatives would be to place $5 billion in the next four years.

Panama Issues Debt for $550 Million

October 2018

The Panamanian government issued $550 million of sovereign debt in the international market, expiring in 2050 and with an average yield of 4.92%.

According to information from the country's authorities, the resources collected will be used to partially finance the investment plan contemplated in the General State Budget for fiscal year 2018.

Dominican Republic Raises $1.3 billion from Bonds

July 2018

The government of the Caribbean country issued $1.3 billion in the international market for a term of 10 years and an interest rate of 6%.

This is the second issue that the Dominican Republic has made in the international market, as in the month of February it issued $1 billion for a term of 30 years and a rate of 6.5%, and another of $822 million for a 5 year term and a rate of 8.9%.

Panama Sells Bonds Worth $1.25 billion

September 2014

The government sold government 10 year term bonds for $1.25 billion on the international market at 4%, the lowest interest rate in the list of international issues placed by the country.  

From a statement issued by the Ministry of Finance and Economy of Panama:

Panama launched (on September 15, 2014), in the international market, a successful issuance of global bonds for $1,250 million, which exceeded expectations, having demand of more than six times the initial offer, and obtaining the lowest coupon in the country's history.

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