Regulatory Alerts2026-07-17
Added · Updated
Authorization and Registration of Corporate Bond Public Offering for Motor Crédito, S.A., Banco de Ahorro y Crédito
The Superintendence of the Securities Market authorizes Motor Crédito, S.A., Banco de Ahorro y Crédito to conduct a public offering of fixed income securities named "Corporate Bonds" with a total issuance program limit of one billion Dominican pesos (DOP 1,000,000,000.00). The securities carry a nominal value of DOP 100.00, have a maturity of up to seven years, and are unsecured, with proceeds designated for debt substitution and working capital. The issuer must register the offering in the Securities Market Registry within ten business days of notification and pay the corresponding fees, or the authorization becomes void. Motor Crédito is further instructed to disclose all risks and conditions in its prospectus and comply with ongoing information obligations under Law No. 249-17.