January 25, 2013
Banco de Reservas de la Republica Dominicana (Banreservas) is considering p
Banco de Reservas de la Republica Dominicana (Banreservas) is considering pricing a planned 10-year Tier 2 bond as soon as today, according to investors following the process. The issuer, looking to be the first Dominican bank to issue a cross-border bond, could also choose to wait until early next week. A $300m-$500m B2/B minus transaction is expected. Banreservas finished investor meetings Wednesday. Citi is managing the process.