Upgrade Rejuvenates Hopes for DomRep Issue

Upgrade Rejuvenates Hopes for DomRep Issue

Dominican Republic Bonds

The Dominican Republic may fast forward an up to $500m international bond after S&P upgraded the credit Monday to B+ from B. “Congress passed a resolution a couple of weeks ago allowing them to issue. Exact timing is uncertain, but this upgrade may certainly bring it forward,” says Carl Ross at Oppenheimer, expressing is personal view on the credit. Barclays and JPMorgan have been sitting on the mandate for the sale of an up to $500m issue since earlier this year, but approvals are tho

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial