Bond República Dominicana 11% ( DO1002212822 ) in DOP

Issuer	República Dominicana
Market price	100 % ⇌
Country	Dominican Republic
ISIN code	DO1002212822 ( in DOP )
Interest rate	11% per year ( payment 1 time a year)
Maturity	30/07/2021 - Bond has expired
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Minimal amount	10 000 DOP
Total amount	343 250 000 DOP
Detailed description	The Dominican Republic, occupying the eastern two-thirds of the island of Hispaniola, is a Caribbean nation known for its diverse geography, including lush rainforests, stunning beaches, and the Caribbean's highest mountain peak, Pico Duarte. An analysis of a particular fixed-income instrument reveals its recent successful conclusion. The bond, identified by ISIN DO1002212822 and issued by the Dominican Republic, reached its maturity date on July 30, 2021, and has since been fully repaid, concluding its lifecycle on the market. The Dominican Republic, a prominent sovereign entity within the Caribbean region, regularly engages with financial markets to manage its public finances and support national development initiatives. This specific bond, denominated in Dominican Pesos (DOP), carried an attractive annual interest rate of 11% and was part of a larger issuance totaling 343,250,000 DOP. Designed for accessibility, the minimum purchase size for this instrument was set at 10,000 DOP, with interest payments distributed once per year. Throughout its active trading period, the bond consistently maintained a market price at 100% of its face value, reflecting its stable valuation prior to redemption. The complete and timely repayment of this obligation by the Dominican Republic serves as a testament to its commitment to fulfilling its financial responsibilities to investors.