Dominican Republic bond buyback

DOMINICAN REPUBLIC - In Brief 16 Sep 2026 by Magdalena Lizardo
The Dominican government yesterday announced an offer to repurchase U.S. dollar-denominated sovereign bonds carrying a 5.95% coupon and maturing in 2027, with US$1.7 billion currently outstanding. The offer sets a purchase price of US$1,006.25 per US$1,000 principal amount, plus accrued interest through the settlement date. The transaction is conditional upon the concurrent or prior issuance of one or more new U.S. dollar-denominated sovereign bonds governed by New York law. The Dominican Republic will determine the maximum amount to be allocated to the repurchase. If tenders exceed that amount, the government may apply proration. Citigroup Global Markets and J.P. Morgan Securities are acting as Dealer Managers, while Global Bondholder Services Corporation is serving as Tender and Information Agent. The offer expires on September 21. The government expects to announce on September 22 the amount tendered and accepted, the maximum purchase price, and any applicable proration. Settlement is expected on September 28.

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