Dominican Republic government issues a record $2.5 billion in bonds
SANTO DOMINGO, Dominican Republic _ The Dominican Republic has issued $2.5 billion in bonds, the largest amount in the country’s history.
The administration of President Danilo Medina said in a statement late Tuesday that the bonds also were placed with a record low interest. Some $1 billion in bonds were issued at 5.5 per cent interest while $1.5 billion in bonds were issued at 6.85 per cent interest.
The government has not said how it plans to use the revenue generated by those bonds.
The Dominican Republic issued $2.25 billion in bonds last year to help reduce a large deficit.
The Associated Press
Alwin Marshall-Squire is the Editor-in-Chief of S-Q Publications Inc., overseeing editorial strategy for GTA Weekly, GTA Today, and Vision Newspaper. He leads the publications’ mission to deliver bold, original journalism focused on the people and communities of the Greater Toronto Area, Canada, and the global Caribbean diaspora.
Also writes for GTA Weekly and GTA Today.
