PELLERANO NADAL represents initial purchasers in the largest Sovereign Bond issuance of the Dominican Republic.
On May 29, 2019, the Government of the Dominican Republic placed bonds in the international capital markets for a total equivalent amount of USD2,500 million, due to the issuance of Dominican peso (DOP), 7 years bonds for DOP50,523 million (US$1,000 million), and a 30-year USD bond for USD1,500 million. This placement was made at an interest coupon rate of 9.75%. This new issuance is the largest and most relevant issuance so far in the history of the country.
Cleary Gottlieb represented the Dominican Republic, while Simpson Thatcher & Bartlett LLP acted as NY counsel for the initial purchasers and PELLERANO NADAL, led by Luis Rafael Pellerano, acted as Dominican counsel for the initial purchasers. The offering marks a continuation of Luis Rafael Pellerano and his team, who have been advising initial purchasers on Dominican sovereign bond issues for more than 15 years, since the country entered the international capital markets.
The PELLERANO NADAL team is available to answer any questions regarding this or any other topic of interest to you.