Dominican Republic

DomRep Gets IDB Loan

Bonds Structured Finance Dominican Republic

The Dominican Republic will receive two loans totaling $78.3m from the IDB to support the construction of two wind farms. The projects will add a total of 80.6MW of produ...

CND Set for Local Bond Placement

Dominican Republic Bonds

Cerveceria Nacional Dominicana (CND) is set to place DOP2bn ($54m) in the Dominican Republic’s local bond market today. The sale is part of a DOP6.7bn program and will ra...

DomRep Preps Possible Bond

Dominican Republic Europe Bonds

Dominican Republic is preparing fixed-income investor meetings in Europe and the US after having received an upgrade to B+ from B by S&P just last month. The sovereign is...

Upgrade Rejuvenates Hopes for DomRep Issue

Dominican Republic Bonds

The Dominican Republic may fast forward an up to $500m international bond after S&P upgraded the credit Monday to B+ from B. “Congress passed a resolution a couple of wee...

Expectations Low for CentAm, Caribbean Issuance

Central America Caribbean Dominican Republic

Despite welcoming conditions in the DCM, countries and corporates in the Caribbean and Central America aren’t expected to offer much in the way of new issuance in the nex...

CND Gets $117m in Tender

Dominican Republic Bonds

Holders of $117m in Cerveceria Nacional Dominicana’s $165m in 16% 2012 DOP-linked bonds have agreed to sell them back, CND says, following the close of a tender offer. Th...

Agnelli Ousted

Healthy Targets

Peru Ecuador Bolivia

M&A activity in Peru’s healthcare industry is heating up. The expansion of state-sponsored healthcare insurance will be a major factor contributing to the sector’s growth...

DomRep Addresses Fiscal Challenges

Dominican Republic Economy & Policy Corporate & Sovereign Strategy

The Dominican Republic has been successful at a macro level at consolidating its fiscal position and deepening structural reforms, according to a JPMorgan report citing s...

DomRep Power Could Suffer Oil Shock

Central America Caribbean Dominican Republic

The Dominican Republic’s power generation sector is highly exposed to rising oil prices, according to Fitch. The vast majority of the country’s power, 82% of installed ge...

IDB to Provide $500m for Natural Disasters

Bonds Structured Finance Central America

The IDB is working with 13 countries in LatAm and the Caribbean to improve disaster risk management and is expected to provide over $500m in financing in 2011 to help mee...

DomRep to Renegotiate IMF SBA

Dominican Republic Economy & Policy Corporate & Sovereign Strategy

The Dominican Republic government has announced it will visit the IMF to renegotiate the main targets of the stand-by arrangement (SBA) due to the spike in oil prices. "T...

CentAm, DomRep to Get $2bn from IDB

Bonds Structured Finance Central America

The IDB says it expects to disburse $2bn in financing for Central America and the Dominican Republic this year to invest in citizen security, infrastructure, social prote...

DomRep Hikes Rate, Replaces FinMin

Bonds Corporate & Sovereign Strategy Dominican Republic

The Dominican Republic's central bank tightened its rate by 100bp, bringing it to 6.0%, its highest level since February 2009. The central bank cites headline inflation, ...

DR Heard Picking Banks

Caribbean Dominican Republic Bonds

The Dominican Republic is heard picking Barclays and JPMorgan for a new USD bond, according to DCM bankers. A deal is expected in the first half of the year. The Dominica...