January 14, 2021 |
The Dominican Republic priced a two-part bond sale for $2.5 billion on Wednesday after orders came close to $10 billion, sources following the transaction told LatinFinance.
The sovereign issuer printed $1.5 billion worth of new 2041 bonds at par to yield 5.3% and added $1 billion to its 4.5% 2030 notes to yield 3.875%, sources said. Citi and JPMorgan were the lead bookrunners.
The new 20-year notes opened with the initial price talk at 5.75% before they tightened at guidance to 5.5%, plus or mi
Caribbean country receives close to $10 bln in orders in a two-part deal for $2.5 bln