Dominican Republic to fund tenders with add-on to 4 7/8% bonds due 2032

By Cady Vishniac

Detroit, Dec. 8 – The Dominican Republic plans to fund its tender offers with an add-on to its 4 7/8% bonds due 2032, according to a press release.

The add-on will fund the repurchase of its 7½% amortizing bonds due 2021, its 6.6% bonds due 2024, and its 5 7/8% amortizing bonds due 2024 and 5½% bonds due 2025.

The aggregate principal amount tendered of the notes was $1.26 billion.

The tenders were priced and a cap was scheduled to be announced on Dec. 8.

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