Santo Domingo.- The power company EGE-Haina issued US$175 million bonds last Thursday in a session in which buyers offered 10 times more than the amount available. The issue was conducted under the regulations of the United States Securities and Exchange Commission (SEC).
More than 130 international buyers offered more than US$1.7 billion to acquire the EGE-Haina bonds. "The large number of offers received shows the high degree of confidence that international investors have, not only in the company, but also in Dominican Republic," said EGE-Haina general manager Tito Sanjurjo.
The 10 year bonds have an 9.5% annual interest rate.