PELLERANO NADAL represents initial purchasers in US$2.5 Billion Sovereign Bond offerings by the DR

PELLERANO NADAL recently acted as counsel to J.P. Morgan Securities LLC and Citigroup Global Markets Inc., as initial purchasers in connection with offerings by the Government of the Dominican Republic of (i) US$1 billion in aggregate principal amount of its 4.5% bonds due in 2030 and, (ii) US$1.5 billion in aggregate principal amount of its 5.3% bonds due in 2041. 

The offering of the 4.5% bonds due in 2030 was a reopening of a series of bonds that had previously been issued by the Dominican Republic. Proceeds of each offering will be used for general purposes of the Government of the Dominican Republic, including the partial financing of the 2021 Budget.