DR Surprises with New Benchmark

DR Surprises with New Benchmark

Dominican Republic Bonds

The Dominican Republic came to the international markets to sell a new $500m 2024 bond, surprising those expecting a retap of the existing 10-year. The sovereign was working under a $500m authorization, and a finance ministry spokesperson had told LatinFinance earlier this month that a new benchmark bond or retap was under consideration. “It is odd they issued a new 2024 after issuing one earlier in the year, but at the same time there is not the same appetite for duration as there used to be ba

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