On Tuesday May 4th, 2010 the Ministry of Finance (MoF) of the Dominican Republic, through the Public Debt Office, conducted its fourth Monthly Auction. This auction received offers for RD$1,464.8 MM (USD$39.99 million at the exchange rate RD$/US$ 36.6285) from commercial banks, saving and loans associations and brokerage firms for their own accounts and on behalf of their clients. 

The total assigned was RD$300.0 MM (US$8.19 million equivalent at the exchange rate RD$/US$ 36.6285).  The amount allocated for the 5-year bond was RD$250 (US$6.83 million at the exchange rate RD$/US$ 36.6285) and at for the 7-year bonds totaled RD$50.00 MM (US$1.37 million to the exchange rate of RD$/US$ 36.6285), allocated at weighted average interest rates of 12.3070% and 13.3200%, respectively. Registering a decrease of 33 and 40 basis points in yield respectively, with regards to the previous month auction.

The fifth auction is scheduled for June 1st as published in the 2010 calendar for the Public Securities Auction Program.

Please register at http://www.creditopublico.gov.do/inversionistas/registro.aspx, to receive this and other regular updates from the Public Debt Office.