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04

AUG

2020

Auction August 2020

On Tuesday August 4, 2020, the Ministry of Finance, through the Public Debt Office (CP), conducted the competitive auction scheduled for that month.

In the auction invitation, a 10-year bond (MH1-2030) was offered in the amount of DOP2,500.0 million. The participants, commercial banks, savings and loan associations, as well as stock exchanges both on their own behalf and in favor of their clients, demanded a total of DOP7,061.5 million, obtaining a weighted average price and return of 103.8127% and 9.7470%, respectively.

In the first round the total allocated was DOP2,500.0 million with a price and cut-off rate of 105.1427% and 9.5355%, respectively.

As stipulated in the Market Makers Program Regulation, CP called, on Wednesday, August 5, a second round of non-competitive auction with the Market Makers whose bids were allocated in the first round. In this second round, the MH1-2030 bond was offered in the amount of DOP2,500.0 million at the same cut-off rate obtained in the first round, 9.5355%. A total demand of DOP2,500.0 million was received from the participants, all of which was allocated.

For more details, see the auction results.

18

JUN

2020

Nonfinancial public sector debt represents the 41.7% of GDP

As of May 31, 2020, the nonfinancial public sector (NFPS) external and domestic debt totaled US$38,309.1 million. This amount represents 41.7% of the estimated GDP1.

The 66.0% of the NFPS total debt corresponds to external debt, which presented a balance of US$25,285.3 million, while the remaining 34.0% corresponds to domestic debt, which totaled RD$732,867.7 million, equivalent to US$13,023.8 million, at the exchange rate of RD$/US$=56.2714. These amounts represent 27.5% and 14.2% of the estimated GDP, respectively. Of the total domestic debt, US$2,352.2 million (2.6% of GDP) corresponds to intragovernmental bonds debt issued by the Central Government for the recapitalization of the Central Bank of the Dominican Republic. The intragovernmental debt is that contracted by one government institution with another.

For more details, see :

Public Debt Statistics as of May 31,2020.

1/ Nominal GDP base 2007, consensus between BCRD, MH and MEPyD according to the latest framework revised in Sep-2019, RD$4,918,407.8 million, (US$91,836.3 million).

18

MAY

2020

Nonfinancial public sector debt represents the 41.9% of GDP

As of April 30, 2020, the nonfinancial public sector (NFPS) external and domestic debt totaled US$38,460.1 million. This amount represents 41.9% of the estimated GDP1.

The 67.2% of the NFPS total debt corresponds to external debt, which presented a balance of US$25,843.3 million, while the remaining 32.8% corresponds to domestic debt, which totaled RD$687,059.5 million, equivalent to US$12,616.8 million, at the exchange rate of RD$/US$=54.4558. These amounts represent 28.1% and 13.7% of the estimated GDP, respectively. Of the total domestic debt, US$2,430.6 million (2.6% of GDP) corresponds to intragovernmental bonds debt issued by the Central Government for the recapitalization of the Central Bank of the Dominican Republic. The intragovernmental debt is that contracted by one government institution with another.

For more details, see :

Public Debt Statistics as of April 30,2020.

1/ Nominal GDP base 2007, consensus between BCRD, MH and MEPyD according to the latest framework revised in Sep-2019, RD$4,918,407.8 million, (US$91,836.3 million).



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