May 31, 2019 |
The Dominican Republic garnered more than $5bn in orders for a $2.5bn bond sale on Wednesday, despite market jitters over ongoing trade tensions between China and the United States, LatinFinance has heard.
"There were some big, real money orders to anchor the book," said a bond trader watching the deal.
The bookrunners Bank of America and JPMorgan divided the deal into $1.5bn in 30-year notes in dollars and DOP50.5bn ($998m) in seven-year notes in Dominican pesos.
For the long-term notes, the le
Sovereign issuer shakes off market jitters to raise $2.5bn from a two-part deal, including $1bn in local currency