Santo Domingo.- The Securities Superintendence (SIV) on Tuesday announced the authorization of two bond issues, one for the leading brewry and another for the country’s biggest S & L.
The first are corporate bonds of the Cerveceria Nacional Dominicana (CND), brewers of the leading beer Presidente for US$23.25 million and RD$286.7 million, while the second are ordinary bonds of the S&L La Popular (APAP), for RD$1.0 billion (US$27.03 million).
The offers are oriented to local as well as foreign institutional investors, organizations and the public in general
The CND’s product is registered in the Dominican Bourse as SIVEV-022, and seeks to boost its beer production, imports, exports, purchases, sales and representation.
Fitch Rating Dominicana gave the CND a long term rating of AA+ (Dom) which implies a very high credit quality and a very low credit risk expectation.