Metro Roadshows Private Placement

Dominican Republic-based residential and tourism real estate developer Group Metro is on a roadshow promoting its 5-year $75m Reg D private placement, president and CEO Luis Jose Asilis tells LatinFinance. He adds that the company has been to New York and Miami and that the tour should conclude in another 15-20 days. The borrower is targeting a yield of 12%-14%. US-based boutique investment bank Stephens is handling the issue. Group Metro’s developments, which employ about 1,500, are in the Juan Dolio area, about half an hour from Santo Domingo.