Dominican Republic Raises $1.3 billion from Bonds

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%.

Friday, July 13, 2018

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%.

From a statement issued by the Ministry of Finance of the Dominican Republic:

July 12, 2018. The government of the Dominican Republic today placed sovereign bonds in the international capital market for a total amount of US $1.3 billion for a term of 10 years and at a rate of 6%.

The information was revealed by the Minister of Finance, Donald Guerrero Ortiz, who said that during the successful placement, total demand for the Dominican Sovereign Bond was much higher than the amount offered by the country.

Read full statement (in Spanish).

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