*The Dominican government has issued US$1.6bn in sovereign bonds on international markets, the finance and economy ministry announced. Demand for the bonds, which will have an interest rate of 5.875% and a 10-year maturity, exceeded US$5bn, the ministry said. It added that this was a tribute to the government’s stewardship of the economy and the Dominican Republic’s reputation for reliability in bond issuance given
“the high level of financial volatility and persistent pressure on global [interest] rates”. The ministry said that the funds would be used on infrastructure projects and investment in works in the transport, energy, water, health, and education sectors in keeping with the government’s commitment to
“a prudent, transparent, and sustainable fiscal policy”.
End of preview - This article contains approximately 120 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options