By Christine Van Dusen
Atlanta, April 24 - The Dominican Republic sold $1.25 billion of 7.45% notes due April 30, 2044 (expected ratings: B1/B+/B) at par to yield 7.45%, a market source said.
Goldman Sachs and JPMorgan were the bookrunners for the Rule 144A and Regulation S deal.
The sovereign had considered including a peso-denominated tranche of notes, but that plan was canceled.
The proceeds will be used to finance infrastructure projects and to provide economic support to other sectors of the economy.
| Issuer: | Dominican Republic
|
| Amount: | $1.25 billion
|
| Maturity: | April 30, 2044
|
| Description: | Senior notes
|
| Bookrunners: | Goldman Sachs, JPMorgan
|
| Coupon: | 7.45%
|
| Price: | Par
|
| Yield: | 7.45%
|
| Trade date: | April 24
|
| Settlement date: | April 30
|
| Expected ratings: Moody's: B1
|
| Standard & Poor's: B+
|
| Fitch: B
|
| Distribution: | Rule 144A/Regulation S
|
| Price talk: | 7½% area
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
