The Dominican Republic sets IPTs of 5.875% area on bond tap

miércoles 29 de junio de 2016 08:46 GYT

By Paul Kilby

NEW YORK, June 29 (IFR) - The Dominican Republic has announced initial price thoughts of 5.875% area on a tap of its 6.875% 2026 US dollar bonds.

The Caribbean nation has set a will-not-grow size of US$500m on the bond sale, which is being led by Citigroup and JP Morgan. Pricing is expected later on Wednesday. Ratings are B1/BB-/B+. (Reporting by Paul Kilby; Editing by Natalie Harrison)