September 18, 2020 |
The Dominican Republic said it raised $3.8 billion in a dual-currency debt deal on Thursday that was 2.5 times oversubscribed.
The Finance Ministry printed $1.8 billion worth of new 2032 notes and added $1.7 billion to its 5.875% 2060 notes and DOP17.5 billion ($299 million) to its 9.75% 2026 peso-denominated notes, it said in a statement.
It sold the new 12-year paper at 4.875%, while it priced the retaps above par to yield 6.25% for the dollar-denominated notes and 10% for the peso-denominated
Sovereign issuer earns $3.8 bn in a three-part deal that was 2.5 times oversubscribed