Dominican Republic launches dual tranches of dollar-, Dominican peso-denominated bonds

By Rebecca Melvin

New York, Feb. 8 – The Dominican Republic launched bond offerings (expected rating: Ba3//) on Thursday, including one tranche of dollar-denominated bonds and one tranche of Dominican peso-denominated notes, for a total capital raise of $1.817 billion, according to a market source.

The $1 billion offering of dollar bonds was talked to yield 6½% and the 40 billion peso offering of five-year notes was talked at 8.9% yield.

Citigroup and JPMorgan are the bookrunners for the Rule 144A and Regulation S paper.

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