Taking the first step

Taking the first step

Dominican Republic

The roadshows had gone well and the order book had swelled. Virtually all that remained to do on September 11 for the Dominican Republic's debut sovereign bond issue was to put pen to paper to sign off on the deal. So when terrorism struck New York that day it also looked like being a disaster for the $500 million issue that the Republic, with lead bankers JP Morgan and Morgan Stanley, had worked hard to bring to market. Amazingly, that did not prove to be the case and the deal was put back

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