DomRep starts Euroclear debut, adds 2048s

DomRep starts Euroclear debut, adds 2048s

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Dominican Republic

The Dominican Republic launched a DOP40bn ($817m) 2023 local currency bond on Thursday, marking its debut under the Euroclear format. The sovereign issuer also launched a $1bn 30-year cross-border bond, sources confirmed. Citi and JPMorgan, along with local firm Banreservas started price talk in the mid 6% area on the 2048 dollar tranche, while the Euroclear note was set at 8.95% area. Leads tightened the longer-dated bond to between 6.4% and 6.5% at guidance, while the five-year Euroclear lowe

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