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Dominican Republic to issue $250 million tap of 7.45% notes due 2044; pricing Friday
By Christine Van Dusen
Atlanta, July 11 – The Dominican Republic is looking to issue a $250 million tap of its 7.45% notes due April 30, 2044 (expected ratings: B1/B+/B), a market source said.
Goldman Sachs and JPMorgan are the bookrunners for the Rule 144A and Regulation S deal, which is expected to price on Friday.
The proceeds will be used for infrastructure projects and to provide economic support to other sectors of the economy.
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