New Issue: Dominican Republic prices $500 million 6.6% notes due 2024 at par

By Christine Van Dusen

Atlanta, Oct. 23 - The Dominican Republic priced a $500 million issue of 6.6% notes due Jan. 28, 2024 (expected ratings: B1/B+/B) at par to yield 6.6%, a market source said.

Citigroup was the bookrunner for the Rule 144A and Regulation S deal.

The proceeds will be used to finance infrastructure projects and to support other sectors of the economy.

Issuer:	Dominican Republic
Amount:	$500 million
Maturity:	Jan. 28, 2024
Description:	Notes
Bookrunner:	Citigroup
Coupon:	6.6%
Price:	Par
Yield:	6.6%
Trade date:	Oct. 22
Settlement date:	Oct. 28
Expected ratings:	Moody's: B1
	Standard & Poor's: B+
	Fitch: B
Distribution:	Rule 144A and Regulation S
Price talk:	6¾% area

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