Bond República Dominicana 0% ( DO1002218225 ) in DOP

Issuer	República Dominicana
Market price	100 % ⇌
Country	Dominican Republic
ISIN code	DO1002218225 ( in DOP )
Interest rate	0%
Maturity	05/10/2018 - Bond has expired
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Minimal amount	10 000 DOP
Total amount	10 000 000 000 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. This financial article details the specifics of the DO1002218225 bond, a sovereign obligation issued by the Dominican Republic, an upper-middle-income nation in the Caribbean recognized for its robust tourism, agriculture, and service industries, actively leveraging capital markets to support its economic development and public finances. The bond, denominated in Dominican Pesos (DOP), constituted a total issuance size of DOP 10,000,000,000 with a minimum purchase requirement of DOP 10,000. Notably, this instrument was a zero-coupon bond, evidenced by its 0% interest rate, meaning investors anticipated no recurring interest payments but rather the full principal repayment at its maturity on October 5, 2018. The bond has since reached full maturity and was successfully redeemed at 100% of its face value, confirming its complete repayment by the issuer.