Dominican Republic upsizes international bond sale

Dominican Republic upsizes international bond sale

Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Dominican Republic Caribbean United States

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

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