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03

MAR

2020

Auction March 2020

On Tuesday March 3, 2020, the Ministry of Finance, through the Public Debt Office (CP), conducted the competitive auction scheduled for that month.

In the auction invitation, it was offered the first 20-year bond issued in the local market (MH1-2040) for DOP5,000.0 million. The participants, commercial banks, savings and loan associations, as well as stock exchanges both for their own interest and in favor of their clients, demanded a total of DOP12,137.0 million, obtaining a weighted average price and yield of 102.9293% and 11.0037%, respectively.

In the first round the total allocated amount was DOP3,813.8 million with a price and cut-off rate of 103.7855% and 10.9000%, respectively.

As stipulated in the Market Makers Program Regulation, CP called, on Wednesday, March 4, a second round of non-competitive auction with the Market Makers whose bids were allocated in the first round. In this second round, it was offered the MH1-2040 bond for DOP5,000.0 million at the same cut-off rate obtained in the first round, 10.9000%. A total demand of DOP5,000.0 million was received from the participants, all of which was allocated.

For more details, see the auction results.



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