DomRep Returns for Size

Apr 12, 2013

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...

To continue reading please take a free trial, subscribe or login below.


Already have an account?

Subscribe

Subscribe now for unlimited access to all current and archive news, data and market analysis. 

Subscribe

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial

LatinFinance Events

Poll

Are populist governments like Venezuela & Argentina turning pragmatic?

Vote