He Governmentthrough Ministry of the Treasury, announced the conclusion of a liabilities management operation by volunteer repurchase Bonds Expired in 2026, for a nominal value of 2,382 million dollars.
In a statement, the Treasury stressed that this transaction reflects the confidence of the Investors in the management of debt Sovereign of the country. The operation included the repurchase of 1,514.5 million dollars of a global bonus in dollars, 18,787.8 million pesos of a global bonus indexed to local currency and 565.1 million dollars of a domestic bonus in dollars.
“With this liabilities management transaction, the Government significantly reduces the need for financing By 2026, relief pressure On the fiscal accounts of next year, “says the document.
In addition, in parallel to this operation, the Government made an issue of debt To finance both the repurchase of Bonds as 2.5 billion dollars allocated to Budget General of the State of 2025. This issuance was structured in three Sections:
- First section: 2,000 million dollars in a global bonus with expiration in 2037 and a coupon of 6.95 %.
- Second section: 1,000 million dollars in a global bonus with expiration in 2055 and a coupon of 7.15 %.
- Third section: 125,000 million Dominican pesos in an indexed bonus to the local currency, expiring in 2037 and a coupon 10.50 %.
Placement in pesos
The section in Dominican pesos is part of the strategy of debt of the current administration, which seeks to prioritize the emission in local currency to reduce the risk exchange in fiscal accounts.
“This operation contributes to the strengthening of Portfolio of debt of the non -financial public sector and has a positive impact on indicators key, such as the reduction of the proportion of debt in foreign currency and the extension of the average expiration period of the Bonds Global, “says the statement.
It also emphasizes that this result reflects the commitment of the Government With fiscal consolidation, the optimization of the structure of debt and the stability long -term economic.
For its part, the Vice Minister Public credit, María José Martínez, stressed that the results of this operation strengthen the position financial of the country, significantly reducing both the risk exchange as the refinancing of the Portfolio of debt.
The operations of Government in the markets of capitals aim to extend the deadlines Payment of the debtreplacing short -term obligations with longest expiration commitments. This allows to reduce pressure financial immediate and improve management of public indebtedness.
On December 17, 2024, the Chamber of Deputies declared an emergency and made the law of the Executive Power authorized by the placement of public debt bonds for 350,990 million pesos to balance the finance of the State in 2025. This figure exceeds 6,010 million pesos the allocation approved by 2024, which was 344,980 million pesos. Once the Law, the Ministry of Finance will have the power to execute liabilities management and administration operations in 2025, for up to 10 % of the debt balance of the non -financial sector. According to article 10 of the regulations, these operations may include debt securities to exchange or repurchase liabilities, with the aim of reducing the amount and service of external and internal debt, as well as mitigating the exchange risk of the public sector does not financial.
