February 9, 2018 |
The Dominican Republic launched a DOP40bn ($817m) 2023 local currency bond on Thursday, marking its debut under the Euroclear format. The sovereign issuer also launched a $1bn 30-year cross-border bond, sources confirmed.
Citi and JPMorgan, along with local firm Banreservas started price talk in the mid 6% area on the 2048 dollar tranche, while the Euroclear note was set at 8.95% area. Leads tightened the longer-dated bond to between 6.4% and 6.5% at guidance, while the five-year Euroclear lower
Caribbean sovereign gathers more than $800m in local currency bonds, targets $1bn on the longer end, sources say