Dominican Republic takes $2.5bn but pays up for the privilege

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Dominican Republic takes $2.5bn but pays up for the privilege

Dominican Republic increased the size of its dual tranche offering to $2.5bn on Wednesday after strong demand from investors. The sovereign had originally been looking to raise $1.5bn but despite a good reception from the buyside, it paid up to 35bp NIP for the 10 year note, according to bankers.

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