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Dominican Republic - Tender Offer - Launch

DOMINICAN REPUBLIC ANNOUNCES OFFER TO PURCHASE EXISTING BONDS


05 SEPTEMBER 2023


Full announcement including full disclosures and disclaimers available via Prnewswire


"SANTO DOMINGO, Dominican Republic, Sept. 5, 2023 /PRNewswire/ -- The Dominican Republic (the "Republic") announced today the commencement of an offer to purchase for cash (the "Offer") from each registered holder or beneficial owner (each, a "Holder" and, collectively, the "Holders") outstanding notes of the series set forth in the table below (the "Existing Bonds"), such that the Tendered Aggregate Purchase Price (as defined below) to be paid for the outstanding principal amount of Existing Bonds validly tendered and accepted for purchase by the Republic pursuant to the Offer does not exceed a maximum amount to be determined by the Republic in its sole discretion (the "Maximum Purchase Price"). The terms and conditions of the Offer are set forth in the offer document dated September 5, 2023 (the "Offer Document").

The Offer is not conditioned upon any minimum participation of the Existing Bonds, but it is conditioned, among other things, on the concurrent (or earlier) closing of the issuance by the Republic of one or more series of DOP-denominated or U.S. dollar-denominated, New York law-governed debt securities (the "New Notes") in an aggregate principal amount, with pricing and on terms and conditions acceptable to the Republic in its sole discretion (the "New Notes Offering"). The New Notes Offering will be made solely by means of one or more offering memoranda relating to that offering of the New Notes, and neither this announcement nor the Offer Document constitutes an offer to sell or the solicitation of an offer to buy the New Notes. "


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(1) The Purchase Price and Accrued Interest of the Existing Bonds will be converted into U.S. dollars at the Applicable Exchange Rate and paid in U.S. dollars.


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