Dominican Republic in Sovereign Bond Reopening

July 17, 2014

Cleary Gottlieb represented the Dominican Republic in a 144A/Reg. S $250 million reopening of its 7.450% Bonds due 2044 originally issued on April 30, 2014. The reopening increases the total aggregate principal amount of the Republic’s 7.450% Bonds due 2044 to $1,500 million. The initial purchasers of the bonds were Goldman Sachs and J.P. Morgan. Additionally, BanReservas acted as co-manager with respect to the bonds. The transaction closed on July 17.

The offering marked the seventh 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.