Dominican Bank Plots Bond Debut

Dominican Bank Plots Bond Debut

Dominican Republic Bonds

Banco de Reservas de la Republica Dominicana (Banreservas) is preparing investor meetings ahead of a possible Tier 2 bond transaction that would be the first cross-border deal for a Dominican bank. The government-owned lender will be in London starting today, in New York Tuesday, and Boston and Los Angeles on Wednesday, according to people familiar with the matter. The bank is heard still determining its target size and tenor. Citi is managing the process. The sale is expected to be rated B2/B m

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