Dominican Republic Announces Expiration of Bond Buyback Offer
The Dominican Republic announced the expiration of its offer to purchase existing bonds, with a total principal amount of $1,385.18 million validly tendered by bondholders as of September 21, 2026. This represents approximately 81.48% of the outstanding aggregate principal amount of the Existing Bonds. The buyback price is set at $1,006.25 per $1,000 face value, including accrued interest. The bond repurchase offer was conditional on a concurrent new debt issuance by the Republic to fund the purchase. Holders whose bonds are accepted will receive payment on September 28, 2026, subject to change without notice. The Dominican Republic reserves the right not to accept any tenders or terminate the offer if conditions aren't met. The move reflects ongoing debt management efforts by the country and could influence investor sentiment regarding its creditworthiness.