Dominican Republic in Bond Offerings Totaling $2.75 Billion

Cleary Gottlieb represented the Dominican Republic in its Rule 144A/Reg S offerings of $1.25 billion aggregate principal amount of 5.75% bonds due 2034 and $1.5 billion aggregate principal amount of 6.15% bonds due 2038.

The transaction priced on February 10, 2026, and closed on February 17, 2026.

The offering marked the 28th time the Dominican Republic has tapped the international debt markets. Cleary has represented the sovereign in connection with each offering.

Citigroup Global Markets Inc. and J.P. Morgan Securities LLC acted as initial purchasers.

The Cleary corporate team included partners Juan Giráldez and Ignacio Lagos, associate Martin Sasson, and law clerk Jose Eduardo Coronado Castro. Partner Matthew Brigham and associate Banu Dzhafarova advised on tax matters.