DomRep Targets Benchmark Dollar Bond

DomRep Targets Benchmark Dollar Bond

Dominican Republic Bonds

The Dominican Republic has requested authorization from congress to sell a $500m bond to boost dollar liquidity in the country and ease currency depreciation, a finance ministry spokesperson tells LatinFinance. “We have authorization to issue $1.1bn equivalent in the domestic market and will not look to increase our public debt, but to inject dollars into the economy from what is already authorized domestically,” the spokesperson says. The sovereign hopes to price the deal by the end of Septembe

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