The Dominican Republic has successfully closed its first-ever green bond issuance, raising $750 million from international investors.
The deal was priced at a rate lower than the country's standard sovereign borrowing costs, reflecting strong demand for sustainable fixed-income instruments in the region.
25 billion in its inaugural Eurobond, while Jamaica secured $200 million through a parametric catastrophe bond backed by the World Bank.
The below-market pricing underscores a growing premium for ESG-compliant debt among institutional buyers.
Investors appear willing to accept a slight yield discount in exchange for the environmental credentials of the issuance, a trend that has accelerated across emerging markets as regulatory frameworks for green finance tighten.
This milestone places the Dominican Republic in the company of other Latin American and African nations that have recently tapped international capital markets for sustainability-linked financing.
The Democratic Republic of Congo recently raised $1.25 billion in its inaugural Eurobond, while Jamaica secured $200 million through a parametric catastrophe bond backed by the World Bank.