Simpson Thacher and Pellerano & Herrera instructed on $1 billion bond issuance by the Dominican Republic

Simpson Thacher in New York and Pellerano & Herrera in Santo Domingo represented the initial purchasers, JP Morgan Securities and Deutsche Bank Securities, in an offering of $1 billion 6.875% Bonds due 2026 by the Dominican Republic. 

The sovereign debt offering was conducted in reliance on Rule 144A and Regulation S. Proceeds of the offering will be used for general budget purposes.

The Simpson Thacher team advising the initial purchasers included partners Jaime Mercado and Jonathan Cantor, international associate Tomás Holguín and associates Luis Pellerano and Michael Badain.

JP Morgan Securities and Deutsche Bank Securities retained Pellerano & Herrera as local counsel in the Dominican Republic. The team included partners Luis Pellerano and Mariangela Pellerano and associate Ricardo Pellerano.

Ignacio Abella