Dominican Rep Issues USD 500 Millions in Sovereign Bonds

DOMINICAN REPUBLIC - In Brief 28 Oct 2013 by Pavel Isa
Last week, the Government of the Dominican Republic issued USD 500 in Sovereign Bonds at a 6.6% interest rate. Citibank was in charge of the operation. Initial offers amounted to USD 1,750 millions, 3.5 times the amount offered. According to the Ministerio de Hacienda, the amount issued corresponds to the budget program approved by Congress for 2013 and its modifications.

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