Punta Cana, Dominican Republic.- The Securities Superintendence (SV) authorized the resort group Cap Cana to issue US$20 million in corporate bonds, an offer to be applied in four sections of 5 million dollars, with a fixed coupon rate with a three year maturity.
In a statement the SV said Fitch Ratings assigned a B to the issue. The first section of the issue will be available for investors who qualify starting September 1.
Cap Cana is among the world’s most upscale and ambitious resort complexes ever developed in the country, where local and foreign personalities have bought lots and luxury villas.
From: Dominican Republic, No Spin Zone
If this sinks we all sink
From: Dominican Republic, No Spin Zone
ban the Spam
Written by: xwill7, 2 Sep 2010 10:00 AM
From: United States, El cuarto bate
Those clowns think that they can sell garbage on the internet...
Written by: xwill7, 2 Sep 2010 10:01 AM
From: United States, El cuarto bate
Spamers are at the lowest scum level
From: Dominican Republic, No Spin Zone
yes almost as low as ABC .....lower than a snakes belly
From: United States
I reviewed their business paln soon after the construction was started some years ago, and forewarned these people the model made no economic sense whatsoever, and whoever invested in this project was doomed. My prgnostications have proven correct.. You cannot keep borrowing over and over again while selling properties at exaggerated prices compared to far superior facilities in over parts of the world. This was dommed from day one, and I give those responsible credit for their ability to continue to deceive nieve investors who sink their money into this gigantic, though beautiful, cesspool.
From: Dominican Republic, Puerto Plata
Bonds here, bonds there, big bad bonds are everywhere.
Looks like the project is run by Dominican politicians. With the help of Ivan Boeski, Michael Milken and the likes. Underwritten by Drexel Burnham Lambert Dominicana.
They are the real experts in bonds.
Written by: danny00, 2 Sep 2010 5:17 PM
From: United States, syosset, key west, santo domingo AND NOW THE GLOBE TROTTER
Written by: Blutarsky, 2 Sep 2010 9:01 AM
From: Dominican Republic, Barbacoa Samana in the Hills
If this sinks we all sink
I DONT KNOW WHY IM GOING OUT ON THE LIMB ON THIS ONE.... OH! WHAT THE HELL
BET IT SINKS AND SINKS REAL DEEP. DID I SAY SINKS? OR STINKS?
Written by: danny00, 2 Sep 2010 5:21 PM
From: United States, syosset, key west, santo domingo AND NOW THE GLOBE TROTTER
looks like the project is run by dominican politicians
i did not know this when i posted a few minutes ago..... really! no sh--t.
dominican politicians. !wow! hey let me run to my bank before they close.....
with these guys standing behind or in front of this project what could go wrong?
From: Dominican Republic, No Spin Zone
it will be a sad day .....for the image of Dominican Business if this project goes tits up
Written by: danny00, 2 Sep 2010 5:23 PM
From: United States, syosset, key west, santo domingo AND NOW THE GLOBE TROTTER
dominican business ? is that the drug trade? that business.
or is it the monkey business?
take away the guys that make drinks like brugal what other business is their?
From: Dominican Republic, No Spin Zone
and please try to remember Casa was a white elephant at one time as well ......its place is unique in LA
Written by: lovingit, 2 Sep 2010 9:48 PM
From: United States, Delaware
PERO COÑAAAASOOO.... DT, when are you going to do something about the spammers posting the Air Jordans, hand bags, etc, etc?
A captcha will probably help
From: Dominican Republic, Puerto Plata
Blut
As you certainly know, Casa was built with G&W own funds. Not junk bonds.
Nite nite!
From: Dominican Republic, No Spin Zone
Very true Wally
Written by: JCjua, 3 Sep 2010 1:42 PM
From: United States, New York
From: Dominican Republic, La Romana
Will this be thier 3rd or 4th shot at making it? I lost count.
From: Dominican Republic, No Spin Zone
easyrider they are not going to plow it under .......eh?
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Looks like the project is run by Dominican politicians. With the help of Ivan Boeski, Michael Milken and the likes. Underwritten by Drexel Burnham Lambert Dominicana.
They are the real experts in bonds.
From: Dominican Republic, Barbacoa Samana in the Hills
If this sinks we all sink
I DONT KNOW WHY IM GOING OUT ON THE LIMB ON THIS ONE.... OH! WHAT THE HELL
BET IT SINKS AND SINKS REAL DEEP. DID I SAY SINKS? OR STINKS?
i did not know this when i posted a few minutes ago..... really! no sh--t.
dominican politicians. !wow! hey let me run to my bank before they close.....
with these guys standing behind or in front of this project what could go wrong?
or is it the monkey business?
take away the guys that make drinks like brugal what other business is their?
A captcha will probably help
As you certainly know, Casa was built with G&W own funds. Not junk bonds.
Nite nite!
BTW, a B-rating from Fitch is not investment grade. these are junk bonds.
Buyer beware...
Learn about Dom Rep bonds offered by Citigroup, Inc.
http://www.bloomberg.com/news/201....rseas-markets-in-three-years.html