Cleary Gottlieb represented the Dominican Republic in a 144A/Reg. S offering of $500 million aggregate principal amount of amortizing bonds due 2024 at an interest rate of 6.6000%. The initial purchaser of the bonds was Citigroup. The transaction closed on October 28.
The offering marked the fifth time the Dominican Republic has tapped the international debt markets during the last four years. Cleary Gottlieb has represented the sovereign in connection with each offering.