The Ministry of Finance's (Secretaria de Estado de Hacienda) second monthly auction was held in April and received offers for RD$895.3MM from commercial banks, saving and loans associations and brokerage firms for their own accounts and on behalf of their clients. Of this total, RD$675.3 MM was allocated at interest rates set by market participants. The 2, 3 and 5 year bond issues totaled RD$496.0MM, RD$178.2MM and RD$11.1MM and were auctioned at weighted average interest rates of 14.9521%, 14.1058% and 16.6689%, respectively.

 This auction marketed the first offering of a 5-year bond which yielded competitive rates for both investors and the Ministry of Finance.