The Dominican Government was awarded by the prestigious LatinFinance magazine, which deals with financial markets and the economies of Latin America and the Caribbean, with the “Sovereign Local Currency Transaction of the Year 2023”, as a result of the outstanding liability management transaction carried out in September last year.
The distinction was based on the repurchase of DR 40,792.05 million of the Dominican peso-indexed bond maturing in 2026, followed by the issuance of a DR 71 billion bond, at a rate of 11.25% and maturing in 2035.
“This achievement highlights the soundness and strategic vision of the policies implemented by the Ministry of Finance to strengthen the DR’s credit position,” highlighted Minister Jochi Vicente.
Deputy Minister of Public Credit, María José Martínez, explained that the country stood out among a record number of nominations, covering the period from October 1, 2022 to September 30, 2023.
“The award recognizes innovation, timeliness, quality execution and the impact that the operation has had on the country,” she said.
This is the third year in a row that the magazine has awarded the Dominican Government’s liability management operations. Last year it was recognized in the “Sovereign Liability Management” category for an operation carried out in February 2022, and the same year it was awarded for a transaction carried out in June 2021, considered the best of the year by the magazine.
As part of LatinFinance’s activities, Martínez participated, on behalf of the institution and the country, in the opening bell of stock market operations at the New York Stock Exchange and attended the Latin American Capital Markets Summit, an event for high-level investors.