DomRep Returns for Size
The Dominican Republic has placed its largest-ever bond issuance, raising the $1.0bn allowed under its budget. The sovereign pierced 6% to price inside expectations after demand reached $6.5bn. The B1/B+/B 2024 amortizer priced at par to yield 5.875%, the tight end of 6.00%-area guidance that followed 6.25% whispers. The bonds traded up 1.00-1.50 points in the grey, investors note. "The 2021 bonds were trading in...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.