Leasing Popular, S.A. public offer of corporate bonds denominated in Dominican pesos, by a total value of RD$ 1,500,000,000.00 (one and a half billion pesos with 00/100).
The issue was approved by the National Stock Market Council as stated in the first resolution of the meeting held on January 26, 2005 under the reference code No. SVEM-009. The product offers a maturity of three (3) years, with interest payments on the last business day of every month and revision of interest rate every ninety (90) days. The interest payments are credited through Banco Popular.
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Issuer |
Leasing Popular, S. A. |
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Issuer’s risk qualification |
Long-term debt: A- (dom): For maturities, equal to /or more than a year, this qualification denotes a low probability of credit failure. The payment capacity towards the financial commitments is considered solid. The payment capacity is subject to changes depending on economic circumstances or conditions as opposed to higher qualifications. |
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Rating Agency |
Fitch Dominicana |
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Product Type |
Corporate Bonds |
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Issue Value |
RD$ 1,500,000,000.00 |
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Value of first tier issue
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RD$ 500,000,000.00 |
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Series that compose fist tier issue |
Series A: 1,665 titles of RD$ 100M
Series B: 333 titles of RD$ 500 M
Series C: 167 titles of RD$ 1.0 MM |
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Audience |
Public in general |
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Date and No. of SIV Resolution |
The 1st Resolution of January 26, 2005 |
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Date and No. of BVRD Resolution |
Only Ressolution of Feb. 17, 2005 |
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Minimum Investment |
RD $100,000.00 |
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Type of Titles |
By sequence |
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Issue Date |
April 18, 2005 |
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Expiration |
A 3 year period as of the date of issue |
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Interest rate and base estimate |
12.37% + margin 2.63% = 15.0%
Base estimate 365 days |
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Revision of Interest Rate |
The interest rate that is accrued on the title will be reviewed every ninety (90) days as of its issue date until its expiration date. The review is based on the nominal interest rate paid on bank by ninety (90) day term deposits, corresponding to the weekly average rate, fifteen (15) days prior to each revision. The interest rate is calculated based on the Dominican Republic Central Bank’s daily interest rate statistics that is regularly published on the site: http://www.bancentral.gov.do/
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Interest rate payment agreement |
The last business day of every month by direct credit to accounts in Banco Popular.
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Transfer |
The transfer will be endorsed and notified to the payment agent in writing. |
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Stock Market Intermediary |
Inversiones Popular, S. A. |
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Placement Method |
Through the D.R Stock Exchange authorized intermediaries.. |
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Payment Agent |
Inversiones Popular, S. A. |
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Provisional Holder Representative |
BDO Ortega & Asociados, Auditores y consultores |
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Prospectus Availability |
Inversiones Popular, S. A
Stock Market Superintendence
Dominican Republic Stock Market |
For more information, please contact us at (809) 544-5921, 544-5919 and (809) 544-8064.
