UPDATED: Dominican Republic launches dual-currency debt deal

UPDATED: Dominican Republic launches dual-currency debt deal

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

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

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