NEW YORK, Jan 22 (IFR) - The Dominican Republic on Friday set initial price thoughts of very low 7% area on a US dollar 10-year bond set to price later in the day.
The Caribbean nation is raising funds for general purposes, including the partial financing of its 2016 budget.
The 144A/Reg S deal, rated B1/BB-/B+, is being led by Deutsche Bank and JP Morgan. BanReservas is acting as co-manager. (Reporting by Paul Kilby; Editing by Marc Carnegie)