Economy November 7, 2019 | 12:32 pm

Exchange trader issues US$19M, 4-year bond at 9.25%

Santo Domingo .- The United Capital trader at the Dominican Republic Securities Exchange (BVRD) on Thurs. announced a bond issue of RD$1.0 billion (US$19 million), with a term of 4 years, at a fixed interest rate of 9.25%.

It said that “once again as in the placement of 2017, the demand from the clients was higher than the offer, resulting in a pro rata of the issuance in its placement.”

United Capital stands out as a securities market trader, occupying first place for the sixth consecutive year in the Dominican Republic Securities Exchange in the section with the highest trade volume, as well as the sixth consecutive year in the Finance Ministry’s market creators program.