On Tuesday June 1st, 2010 the Ministry of Finance (MoF) of the Dominican Republic, through the Public Debt Office, conducted its fifth Monthly Auction. This auction received offers for RD$1,213.7 MM (USD$33.06 million at the exchange rate RD$/US$ 36.7082) 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$8.17 million equivalent at the exchange rate RD$/US$ 36.7082).  The amount allocated for the 5-year bond was RD$250 (US$6.81 million at the exchange rate RD$/US$ 36.7082) and at for the 7-year bonds totaled RD$50.00 MM (US$1.36 million to the exchange rate of RD$/US$ 36.7082), allocated at weighted average interest rates of 12.1947% and 13.3180%, respectively.

The sixth auction is scheduled for July 6th as published in the 2010 calendar for the Public Securities Auction Program.