NewsWhore
01-08-2008, 04:00 PM
The Dominican capital markets exchange ended 2007 with a total trade value of RD$15.4 billion, representing a total increase of 821% compared to 2006 when total trade was valued at RD$1.7 billion. General manager Darys Estrella Mordan told Hoy that 2007 had been a spectacular year for the exchange. Estrella also said that the shared market only represented 7% of the total volume when she arrived in April 2006, but that in 2007 it totaled 56.26%. Hoy writes that in 2007 seven new bond emissions were registered for a total of RD$8.6 million in sub prime bonds, prime bonds and commercial papers. The emissions came from the Metro Country Club, Banco Ademi, Banco Leon, AES Andres, BHD Valores, Asociacion Dominicana de Ahorros y Prestamos and Banco Popular Dominicano. Estrella, who has more than 15 years experience on Wall Street, is optimistic about 2008, saying that the financial market's priorities are to continue increasing bond emissions, diversification of products and increased maturity of the bonds, as well as increased participation of companies in the exchange.
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