Dominican Republic sells benchmark-sized 2027 bond

Dominican Republic sells benchmark-sized 2027 bond

Dominican Republic Bonds

The Dominican Republic joined the rush of LatAm new bond issues, selling a 5.95% $1.2bn 2027 bond at par on Wednesday. The Caribbean sovereign spared no time before the inauguration of the next US president and announced initial price talk at the low 6% area. With billions to come from Argentina, and on a day where other investment grade sovereigns in the region decided to test investor wallets, the DR flaunted its high growth rates and decreasing current account deficit to woo bond bu

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