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Santo Domingo.-  The brewery Cerveceria Nacional Dominican Republic’s largest brewery, maker of the brand Presidente, will offer RD$4.55 billion in 4 year corporative bonds, with yields higher than the banks’ average, said Securities superintendent Ivanhoe NG Cortiñas yesterday.

He said the offering by the brewery, a subsidiary of the group Leon Jimenez, was approved and the investment would be used to expands its bottling operations, to purchases machinery, to transport and markets its products, as well as in imports and exports.

The service company Fitch Dominicana gave the bonds an AA+ rating, and their minimum purchase is of RD$100,000.

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1 comment(s)
Written by: elbotin, 22 Feb 2008 9:32 PM
From: Dominican Republic
What's the return??
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