Metro Postpones Bond

Metro Postpones Bond

Dominican Republic Bonds

The Dominican Republic’s Metro Country Club has decided to postpone a planned $150m 2019 bond, according to a banker managing the sale. The developer was aiming to price the securitization this week, following release of 14%-area price guidance last week. A need to update financial statements with fresh 2Q results, as numbers went stale Monday, and to give investors more time to analyze the credit were among the reasons for the wait. The transaction has a 3.5-year average life and is backed by f

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