NewsWhore
09-17-2007, 04:40 PM
The Dominican Republic Central Bank has been able to place 61.1% of the RD$5.0 billion offering of Certificates of Deposit. This was the first time that the CDs were offered to pension funds, but the bank did not say just how much was spent on the certificates. The CDs paid interesting returns as witnessed by the 13.5% APR average for the RD$3.208 billion that were placed. Three-year CDs held a 12% APR; five-year notes were at 14.3% APR and seven-year notes were at 15.9% APR. This was the first time that the Central Bank had placed such long-term certificates on the market, and observers told Diario Libre that this was a vote of confidence for the country's economic stability.
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More... (http://www.dr1.com/index.html#3)