NewsWhore
11-09-2011, 04:20 PM
The Dominican government raised US$250 million yesterday, following a successful placement by investment banks Citigroup and Deutsche Bank.
The foreign currency bonds for the Dominican Republic issue was priced with a yield of 6.875%, the lowest ever achieved by the DR. More than 120 investors from all around the world participated, the Ministry of Hacienda reported. The government said the proceeds will be used to finance infrastructure and provide economic support to other sectors of the economy in 2012. The bonds mature in 2021. Payments of principal on the bonds will be made in three equal installments on May 6, 2019, May 6, 2020 and May 6, 2021. The government reported there was demand amongst investors for US$2.05 billion in bonds. The government delegation was headed by Minister of Hacienda Daniel Toribio, officials Edgar Victoria Yeb and Roberto Cabanas, as well as Julio Andujar Scheker of the Central Bank.
In July 2011, the government issued a US$500 million placement with a yield of 6.95% with the bookrunners Barclays Capital and JP Morgan.
www.cbonds.info/em/eng/emissions/emission.phtml/params/id/12502 (http://www.cbonds.info/em/eng/emissions/emission.phtml/params/id/12502)
More... (http://www.dr1.com/index.html#1)
The foreign currency bonds for the Dominican Republic issue was priced with a yield of 6.875%, the lowest ever achieved by the DR. More than 120 investors from all around the world participated, the Ministry of Hacienda reported. The government said the proceeds will be used to finance infrastructure and provide economic support to other sectors of the economy in 2012. The bonds mature in 2021. Payments of principal on the bonds will be made in three equal installments on May 6, 2019, May 6, 2020 and May 6, 2021. The government reported there was demand amongst investors for US$2.05 billion in bonds. The government delegation was headed by Minister of Hacienda Daniel Toribio, officials Edgar Victoria Yeb and Roberto Cabanas, as well as Julio Andujar Scheker of the Central Bank.
In July 2011, the government issued a US$500 million placement with a yield of 6.95% with the bookrunners Barclays Capital and JP Morgan.
www.cbonds.info/em/eng/emissions/emission.phtml/params/id/12502 (http://www.cbonds.info/em/eng/emissions/emission.phtml/params/id/12502)
More... (http://www.dr1.com/index.html#1)