PELLERANO NADAL represents initial purchasers in Dominican Republic’s us$ 2.5 billion sovereign bond offerings.
On January 23, 2020, the Dominican Republic placed simultaneous US$1 billion 4.5% bonds maturing in 2030 and US$ 1.5 billion 5.875% bonds maturing in 2060. The 10-year offer for US$1 billion is the the lowest rate issued by the Dominican Republic for this period and it is its first 40-year bond offering, the longest-term bond offered by the country, at the lowest rate for a bond maturing 30 years or more.
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.