Bond República Dominicana 11% ( DO1002215825 ) in DOP

Issuer	República Dominicana
Market price	100 % ⇌
Country	Dominican Republic
ISIN code	DO1002215825 ( in DOP )
Interest rate	11% per year ( payment 2 times a year)
Maturity	14/10/2022 - Bond has expired
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Minimal amount	10 000 DOP
Total amount	508 120 000 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. The Dominican Republic, a significant sovereign issuer in the Caribbean and Latin American region whose economy is primarily driven by tourism, remittances, and a growing services sector, has successfully concluded the lifecycle of a specific debt instrument. Identified by the ISIN code DO1002215825, this particular bond, denominated in Dominican Pesos (DOP), carried an attractive annual interest rate of 11%, distributed semi-annually. The total issuance size for this obligation was DOP 508,120,000, with a minimum investment threshold set at DOP 10,000. Originally issued in the Dominican Republic, the bond reached its full maturity on October 14, 2022, and was subsequently repaid at its par value of 100% of the principal amount. This successful and timely repayment underscores the Dominican Republic's commitment to fulfilling its financial obligations and maintaining its credit standing in the international debt markets, reflecting a reliable management of its sovereign debt portfolio.