DomRep goes long in dollars, scraps DOP plan

DomRep goes long in dollars, scraps DOP plan

Bonds

The Dominican Republic priced a $1.25bn 30-year bond at par to yield 7.45% on Thursday, but scrapped plans to issue a second tranche in Dominican pesos on low interest from investors, LatinFinance understands. The B1/B+/B rated borrower had been roadshowing in the US since Monday to market a possible DOP or USD-denominated bond. Lead managers Goldman Sachs and JPMorgan were heard to issue initial price thoughts of 7.5% area for the 30-year dollar tranche, and 10.125% area for the 5-year peso tra

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