IFLR1000

Dominican Republic $1 billion 6.5% and DOP$40 billion 8.9% bond offer

16/2/2018
Sovereign bond issue
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$ 1.807 billion

Completed

16/2/2018

Overview:

  • The Dominican Republic has issued $1 billion 6.5% bonds due 2048 and DOP$40 billion 8.9% bonds due 2023 in the international capital markets.
  • These were said to be the first local currency bonds issued by the country in the international capital markets. 
  • Citigroup Global Markets and JP Morgan Securities acted as initial purchasers.

Rani Mehta - Journalist 

Jurisdiction:

Dominican Republic

Deal type:

Sovereign bond issue

Practice area:

Capital markets : Debt

Industry sector:

Government and public policy

Firms:
Cleary Gottlieb Steen & Hamilton

Party: Dominican Republic (Issuer)

Pellerano & Herrera

Party: Citigroup Global Markets (Initial purchaser)

Party: JP Morgan Securities (Initial purchaser)

Simpson Thacher & Bartlett

Party: Citigroup Global Markets (Initial purchaser)

Party: JP Morgan Securities (Initial purchaser)

Lawyer: Jaime Mercado

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