February 19, 2013
The government of the Dominican Republic is heard close to mandating banks
The government of the Dominican Republic is heard close to mandating banks for a new bond following an RFP deadline last week, according to DCM bankers following the process. The sovereign is heard considering a $500m 10-year, in what would be its first deal in more than a year. Dominican Republic (B+/B/B1) reopened its 7.50% 2021 bonds for $250m in November 2011, through Citi and Deutsche Bank. The 2021s were trading to yield 5.58% Friday, according to a trader.