Spanish
Santo Domingo. – The Government of the Dominican Republic, through the Ministry of Finance and Economy, successfully completed a sovereign bond issue in international markets for a total amount of US$1,600 million, maturing in 10 years and a rate of 5.875%, fully covering the external financing needs corresponding to the 2025 fiscal year.
The placement far exceeded expectations, registering demand exceeding US$5,000 million, more than three times the amount offered, reflecting the strong investor confidence in the Dominican economy and in the prudent management of fiscal and monetary policy. “The strong international interest confirms the positioning of the Dominican Republic as a reliable and reference issuer among emerging markets,” highlighted the Minister of Finance and Economy, Magín Díaz. He noted that this issuance occurs in a context of high global financial volatility and represents one of the most competitive achieved by the country in its recent history, as well as among the most favorable in Latin America in 2024.You can read: Central Bank postpones activities due to Melissa; Payment System will continue operating normally
The minister highlighted that the country risk of the Dominican Republic, measured by the EMBI index of J.P. Morgan, remains at its lowest historical level, around 200 basis points, evidencing the sustained confidence of international markets in the macroeconomic strength, fiscal discipline and the political and institutional stability of the country. For her part, the Vice Minister of Public Credit, María José Martínez, assured that the oversubscription and the rate achieved "demonstrate the high confidence of investors in the economic and debt management of the country" and that the funds obtained will be allocated to infrastructure projects and investment works in sectors such as transportation, energy, water, health and education. With this operation, the Dominican Republic consolidates its position as one of the most solid issuers in Latin America, accessing international markets under competitive conditions despite a challenging global financial environment.
