Pellerano Nadal Transaction Awarded at LatinFinance “2024 Deals of the Year Awards”

February 10, 2025

Pellerano Nadal is proud to have been part of the awarded Sovereign Local Currency Deal of the Yearat the 2024 Deals of the Year Awards by LatinFinance. This prestigious recognition was granted to the Dominican Republic’s June 2024 $3 billion triple-tranche bond issuance, which included a record-settingDOP 105 billion local currency tranche (USD 1.77 billion), the largest Dominican peso bond issuance in history.

Simpson Thatcher and our firm acted as underwriter’s counsel to J.P. Morgan and Citibank, which served as joint bookrunnersfor the transaction. The landmark issuance was a key part of the Dominican Republic’s debt management strategy, successfully reducing foreign currency liabilities and increasing investor appetite for local currency bonds.

The transaction, which also featured the Caribbean region’s first green sovereign bond, was complemented by a $1 billion repurchase of external bonds maturing in 2025. The issuance strengthened the country’s debt portfolio by diversifying currency risk and securing highly competitive terms.

LatinFinance’s Deals of the Year Awards recognize the most outstanding transactions in Latin America and the Caribbean capital markets. We congratulate our clients and all parties involved in this milestone achievement.

For more details, please visit: https://latinfinance.com/2024-deals-of-the-year-awards/2025/01/31/sovereign-local-currency-deal-of-the-year-dominican-republic/