January 24, 2020 |
Dominican Republic raised $2.5 billion from a two-part bond sale on Thursday, increasing the size of the offer from $2 billion on strong demand, sources told LatinFinance.
The sovereign issuer sold $1 billion worth of 4.5% 2030 notes and $1.5 billion worth of 5.875% 2060 notes after total orders reached $8.42 billion for both series. The 2030 notes were more than three times oversubscribed, while the 2060 were four times oversubscribed, said a source involved in the deal.
The 2030 notes priced a
Sovereign issuer raises $2.5 bln after initially targeting $2 bln in a two-part deal