Legal DealFolio - The Dominican Republic Re-opening of Bonds due 2025, due 2045

Simpson Thacher represented JP Morgan Securities LLC and Merrill Lynch, Pierce, Fenner and Smith, Incorporated, as initial purchasers, in a simultaneous re-opening of USD500 million of 5.500% Bonds due 2025 and USD500 million of 6.850% Bonds due 2045 issued by The Dominican Republic. The net proceeds of the offerings will be used for general purposes of the government, including partial financing of the 2015 budget. The initial purchasers previously assisted the Republic in the issuance of USD1.0 billion of its 5.500% Bonds due 2025 and USD1.5 billion of its 6.850% Bonds due 2045, a portion of the proceeds of which were used to repurchase indebtedness due by the Republic to PDVSA Petroleo, S.A. The sovereign debt offering was conducted in reliance on the exemptions from registration provided by Rule 144A and Regulation S. The Simpson Thacher team for the transaction included Jaime Mercado, Luis Pellerano and Vitor Lobao (Capital Markets); and Jonathan Cantor and Michael Cardella (Tax).

Deal Date:	11-05-2015	Practice Area:	Debt Capital Markets
Deal Title:	The Dominican Republic Re-opening of Bonds due 2025, due 2045	Industry:	Public Sector
Description:	Simpson Thacher represented JP Morgan Securities LLC and Merrill Lynch, Pierce, Fenner and Smith, Incorporated, as initial purchasers, in a simultaneous re-opening of USD500 million of 5.500% Bonds due 2025 and USD500 million of 6.850% Bonds due 2045 issued by The Dominican Republic. The net proceeds of the offerings will be used for general purposes of the government, including partial financing of the 2015 budget. The initial purchasers previously assisted the Republic in the issuance of USD1.0 billion of its 5.500% Bonds due 2025 and USD1.5 billion of its 6.850% Bonds due 2045, a portion of the proceeds of which were used to repurchase indebtedness due by the Republic to PDVSA Petroleo, S.A. The sovereign debt offering was conducted in reliance on the exemptions from registration provided by Rule 144A and Regulation S. The Simpson Thacher team for the transaction included Jaime Mercado, Luis Pellerano and Vitor Lobao (Capital Markets); and Jonathan Cantor and Michael Cardella (Tax).
Financial Center:	Sao Paulo	Value:	500.01-1000.00
Advised Party:	Underwriter	Law Firm	Simpson Thacher
Issuer Jurisdiction	Dominican Republic	Listing Jurisdiction	United States
Classification:	Sovereign and Public Sector Bonds Sovereign Bonds	Lawyer	Jaime Mercado

Practice Areas -

Debt Capital Markets Law Firms and Lawyers

Practice Areas - Debt Capital Markets Law Firms and Lawyers