Dominican Republic defies volatility to print new bond

摘要

The DOMINICAN REPUBLIC defied market volatility on Wednesday when it raised US$2.5bn equivalent through a well-received two-part deal that included a local currency tranche. While several US issuers stepped down on Wednesday as the escalating US-China trade war continued to spark growth fears, the sovereign took its chances with a transaction comprising a US dollar 30-year and a peso-denominated seven-year.