DomRep Preps Possible Bond

DomRep Preps Possible Bond

Dominican Republic Europe Bonds

Dominican Republic is preparing fixed-income investor meetings in Europe and the US after having received an upgrade to B+ from B by S&P just last month. The sovereign is heard considering a similar move to Brazil’s $500m retap of its 2021s last week. However, some analysts think a reopening of DomRep’s existing $750m 7.5% 2021s may not be the best option. Not only would it increase the size of maturities that the sovereign faces along that part of the curve, but the bond is already la

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