'The Dominican Republic hired Barclays Plc and Citigroup Inc. to arrange the country’s first international dollar bond sale in more than three years. The government may sell as much as $600 million of bonds, said Roberto Cabanas, head of general financing at the Public Credit Office. The country last sold dollar bonds abroad in 2006, a year after defaulting on $1.1 billion of debt. The Dominican Republic is seeking to tap overseas debt markets after the International Monetary Fund said Oct. 6 it reached an agreement with the country in principle on a $1.7 billion loan. The country’s benchmark yields have tumbled this year as the government negotiated with the Washington-based lender and the global economic recover fueled demand for higher- yielding assets. The Dominican Republic’s yields relative to U.S. Treasuries “collapsed when they went to the IMF at the end of August,” said Boris Segura, a Latin American analyst at RBS Securities Inc. in Stamford, Connecticut.' More here:

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