Metro Preps Securitization

Metro Preps Securitization

Dominican Republic Bonds Structured Finance

The Dominican Republic’s Metro Country Club is preparing a $150m 2019 securitization, according to Fitch, which assigns a B minus rating to the deal. The developer is said to be starting a roadshow today expected to visit the US, Europe and LatAm, with an aim to close the transaction the week of August 13. The deal with a 3.5-year average life will be backed by flows related to the sale and operational revenues from the Las Olas, Marbella, Costa Blanca and Metro Country Club projects. Proceeds w

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