New Issue: Dominican Republic prices $250 million tap of 7½% notes due 2021 to yield 6 7/8%

By Christine Van Dusen

Atlanta, Nov. 9 - The Dominican Republic priced a $250 million add-on to its 7½% notes due May 6, 2021 (B1/B+/B) at 103.952 to yield 6 7/8%, a market source said.

The notes priced at the low end of talk, which was set at 6 7/8% to 7%.

Citigroup and Deutsche Bank were the bookrunners for the Rule 144A and Regulation S deal.

Issuer:	Dominican Republic
Amount:	$250 million
Maturity:	May 6, 2021
Description:	Notes
Bookrunners:	Citigroup, Deutsche Bank
Coupon:	7½%
Price:	103.952
Yield:	6 7/8%
Trade date:	Nov. 7
Ratings:	Moody's: B1
	Standard & Poor's: B+
	Fitch: B
Distribution:	Rule 144A and Regulation S
Price talk:	6 7/8% to 7%

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