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Simpson Thacher Represents Initial Purchasers in US$2.5 Billion Sovereign Debt Offering for The Dominican Republic

01.28.15

The Firm recently represented the initial purchasers, Merrill Lynch, Pierce, Fenner & Smith, Incorporated and J.P. Morgan Securities LLC, in connection with a sovereign debt offering by the Dominican Republic of US$1.0 billion of 5.500% Bonds due 2025 and US$1.5 billion of 6.850% Bonds due 2045. The sovereign debt offering was conducted in reliance on Rule 144A and Regulation S and was the largest bond offering to date by The Dominican Republic.

The Simpson Thacher team for the transaction included Jaime Mercado, Luis Pellerano and Pablo Schreiber (Capital Markets); and Jonathan Cantor and Michael Cardella (Tax).