Dominican Government issues bonds for USD2.5 b as part of the financing of the public budget for 2021.

DOMINICAN REPUBLIC - In Brief 14 Jan 2021 by Magdalena Lizardo

The Minister of Finance announced the issuance of sovereign bonds for USD2.5 b as part of the financing to be contracted in 2021. Of the total of bonds issued, USD1 b corresponds to the opening of a bond that matures in 2030 with a yield of 3.87% , while the remaining USD1.5 b corresponds to a new bond maturing in 2040. The Ministry of Finance reported that it had a historical demand of USD10 b. With the operation, the country reduced the average cost of non-financial public sector debt by 9 basis points and the average life was extended from 12.0 to 12.2 years.

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