Dominican Republic raises US$1.6 Billion through sovereign bonds

Santo Domingo.- The Dominican government, via the Ministry of Finance and Economy, successfully issued US$1.6 billion in sovereign bonds on international markets with a 10-year maturity and a yield of 5.875%, fully covering its external financing needs for fiscal year 2025.

The offering attracted demand exceeding US$5 billion—over three times the amount issued—demonstrating strong investor confidence in the Dominican economy and its prudent fiscal and monetary management. Finance Minister Magín Díaz highlighted that the results confirm the country’s reliability as an issuer in emerging markets, especially amid global financial volatility and high interest rate pressures. He also noted that the country’s risk, measured by the JP Morgan EMBI index, is at a historic low of around 200 basis points, reflecting international trust in the nation’s macroeconomic stability, fiscal discipline, central bank management, and institutional stability.

Deputy Minister of Public Credit María José Martínez emphasized that the oversubscription and favorable rate underscore investor confidence and provide resources to boost public investment in key sectors, including transportation, energy, water, health, and education. The funds will be allocated according to the 2025 General State Budget Law, supporting infrastructure and other capital projects while reinforcing sustainable fiscal management. This issuance positions the Dominican Republic as one of Latin America’s most consistent and competitive sovereign bond issuers despite the challenging global financial environment.