NEW YORK, July 11 (IFR) - The Dominican Republic, rated
B1/B+/B, has launched a US$250m increase of its 7.45% 2044 bond
at the final yield of 6.85%, according to one of the lead
Final terms came tight to initial price thoughts of
6.95%-7.00% released earlier on Friday.
Goldman Sachs and JP Morgan are the bookrunners on the
transaction, which will bring the total outstanding amount on
the note to USD1.5bn.
Proceeds will be used to finance infrastructure projects, as
well as to provide economic support to other sectors of the
(Reporting by Davide Scigliuzzo; Editing by Paul Kilby)