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