June 30, 2016 |
Dominican Republic has reopened its 6.875% 2026 benchmark bond, adding $500m to the bond at a tighter yield, LatinFinance has heard.
Citi and JPMorgan launched initial price thoughts for the retap at 5.875%,
before setting the final guidance at 5.6% to 5.65%. The
B1/BB-/B+ rated notes priced at 109.325 for a yield of 5.6%, tighter than when
notes were issued in January. The bookrunners tightened the yield on the retap after investors expressed demand for emerging mar
Caribbean sovereign adds $500m to its 10-year benchmark notes