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Simpson Thacher Represents Initial Purchaser and Co-Manager in US$1.2 Billion Sovereign Debt Offering for The Dominican Republic

01.27.17

The Firm recently represented the initial purchaser, J.P. Morgan Securities LLC, and the co-manager, Banco de Reservas de la República Dominicana, Banco de Servicios Múltiples, in connection with an offering of US$1.2 billion 5.95% Bonds due 2027 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 for the transaction included Jaime Mercado, Luis Pellerano and Javier Rivera (Capital Markets); and Jonathan Cantor and Michael Badain (Tax).