Dominican Republic Announces Pricing for $1.6 Billion Bond Offering and Acceptance of Existing Bonds
The Dominican Republic has announced the pricing of a new bond offering totaling US$1,600 million in aggregate principal amount with an interest rate of 6.85% due in 2039 (the "New Notes Offering"). The country also confirmed that all tendered bonds under its recent offer to repurchase existing debt have been accepted for purchase at a price of US$1,006.25 per $1,000 principal amount plus accrued interest. The Offer expired on September 21, 2026, with the total Tendered Aggregate Purchase Price reaching US$1,393,840,393.75 — which did not exceed the Maximum Purchase Price set for the transaction. As a result, there was no proration and all tendered bonds were accepted in full. The Dominican Republic intends to use part of the proceeds from its new bond issuance to fund the repurchase of existing debt. The settlement is expected on September 28, 2026.