Dominican Republic offers new notes for buyback

Dominican Republic offers new notes for buyback

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

The Dominican Republic said late Wednesday that it will issue new peso-denominated notes under local law to repurchase up to DOP194 billion ($3.4 billion) in bonds that mature between 2022 and 2027. The 11 series of bonds in the buyback pay yields as low as 10.25% for the January 2024 notes and as high as 16.95% for the February 2022 notes. They range in size from DOP9.65 billion outstanding for the 14.5% February 2023 notes to DOP31.9 billion for the 10.5% April 2023 notes, according to a state

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