Dominican Republic Bonds Slump After President Pulls Tax Bill

Source link : https://theamericannews.net/america/dominican-republic/dominican-republic-bonds-slump-after-president-pulls-tax-bill/

Dominican Republic’s bonds fell after President Luis Abinader withdrew a bill that aimed to increase tax collection, dampening hopes the nation will be upgraded to investment grade.

Dollar notes paced emerging-market losses on Monday, with those maturing in 2060 losing as much 2.6 cents on the dollar to trade below 90 cents, according to indicative pricing compiled by Bloomberg.

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Publish date : 2024-10-21 03:23:00

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Author : theamericannews

Publish date : 2024-10-22 02:15:06

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