Pellerano Nadal Law has Recognized by LexLatin as Legal Advisors in Key Sovereign Bond Issuance
November 14, 2025
We are pleased to announce that our partner Luis Rafael Pellerano, senior associate Ricardo Pellerano, and associates Carlos Matos and Luis Felipe Cartagena were recognized in a recent LexLatin article titled “Dominican Republic Secures Funds to Finance Public Investment Projects.”
The Pellerano Nadal team was highlighted for serving as local legal counsel in the Dominican government’s sovereign bond issuance, aimed at funding future public sector investment initiatives. This transaction marks a significant milestone in mobilizing resources for national development and underscores the firm’s ongoing commitment to high-impact projects.
We appreciate the trust placed in our team and celebrate this recognition of their legal expertise and dedication.
Dominican Republic obtains funds to finance public investment projects
The Dominican Republic issued bonds worth US$1.6 billion. The securities bear a coupon of 5.875% and mature in 2035.
The Ministry of Finance and Economy turned to Cleary Gottlieb Steen & Hamilton - United States (New York) and Brazil (São Paulo) to carry out this transaction on the international market under Rule 144A and Regulation S of the United States.
Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, acting as underwriters, were supported by Simpson Thacher & Bartlett - United States (New York) and Pellerano Nadal (Santo Domingo). The transaction, which stimulated demand 3.3 times the amount offered, was completed on October 28.
In a statement, the Ministry of Finance and Economy reported that it will allocate the funds obtained to infrastructure projects and investment works in sectors such as transportation, energy, water, health, and education, in accordance with the provisions of this year's General State Budget Law. In February of this year, the country issued bonds in dollars and pesos on the international market.
Legal advisors
Advisors to the Dominican Republic:
Cleary Gottlieb Steen & Hamilton - United States (New York): Partners Juan Giráldez and Matthew Brigham. Associates Ignacio Lagos, Martin Sasson, Adam Girts, and Mingyu Tang. Legal assistant José Eduardo Coronado Castro.
Cleary Gottlieb Steen & Hamilton - Brazil (São Paulo): Partner Juan Giráldez.
Advisors to Citigroup Global Markets Inc. and J.P. Morgan Securities LLC:
Simpson Thacher & Bartlett - United States (New York): Partner Juan Méndez. Senior Counsel Kirsten Davis. Counsel Michael Mann. International Associates Pablo Torrealba and Alicia Corbo.
Pellerano Nadal (Santo Domingo): Partner Luis Rafael Pellerano. Senior Associate Ricardo Pellerano Nadal. Associate Carlos Matos. Luis Felipe Cartagena.
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Free translation by Pellerano Nadal Law & Consulting