The Ministry of Finance's (Secretaria de Estado de Hacienda) third monthly auction was held in May and received offers for RD$755.0MM from commercial banks, saving and loans associations and brokerage firms for their own accounts and on behalf of their clients. Of this total, RD$309.0MM was allocated at interest rates set by market participants. The 2, 3 and 5 year bond issues totaled RD$100.0MM, RD$9.0MM and RD$200.0MM and were auctioned at weighted average interest rates of 14.9500%, 14.0000% y 15.2925%, respectively. This auction continued the offering of a 5-year bond which yielded competitive rates for both investors and the Ministry of Finance, and it was oversubscribed by RD$46.0MM, showing the growth and strength the financial market has acquired looking for longer term investments.