Published on 6/30/2016 in the Prospect News Emerging Markets Daily.
New Issue: Dominican Republic prices $500 million tap of 6 7/8% notes due 2026 at 5.6%
By Christine Van Dusen
Atlanta, June 30 – Dominican Republic printed a $500 million tap of its 6 7/8% notes due Jan. 29, 2026 (expected ratings: B1/BB-) at 5.6%, following talk in the 5 7/8% area, a market source said.
Citigroup and JPMorgan are the bookrunners for the Rule 144A and Regulation S deal.
Other details were not immediately available on Thursday.
| Issuer: | Dominican Republic
|
| Amount: | $500 million
|
| Maturity: | Jan. 29, 2026
|
| Description: | Senior notes
|
| Bookrunners: | Citigroup, JPMorgan
|
| Coupon: | 6 7/8%
|
| Yield: | 5.6%
|
| Trade date: | June 29
|
| Expected ratings: | Moody's: B1
|
| S&P: BB-
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 5 7/8% area
|
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