Cap Cana SA to issue US$20 million in bonds
The Securities Commission of the Dominican Republic (SVI) has announced the approval of a new issue of corporate bonds to the public to the tourism development company Cap Cana, SA. The US$20 million bond issue is aimed at legal entities, institutional investors, governmental entities, general public, both local and foreign investors.
The risk rating for the issuer of B-(Dom), and the issue is B (Dom) according to rating firm Fitch Dominicana, which indicate ability to pay principal and interest on the conditions and terms agreed.
The issue of the bonds will be in US$5million parts and have a minimum investment of US$1million each and each bond will have a variable rate of return.
The Securities Commission said that with this issue, the first for Cap Cana in the local market, Dominicans and foreign investors will have longer-term investments as well and receive competitive interest rates.
Published in
Dominican Republic News Archive
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