The Superintendency of the Securities Market yesterday approved the application for authorization and registration in the Securities Market Registry of a Fixed Income Trust Securities Issuance Program for an amount of up to RD $ 50,000 million, to be carried out by Fiduciaria Reservas, SA
The resolution says that the approval is at the expense and account of the Trust for the Operation, Maintenance and Expansion of the Main Road Network of the Dominican Republic (RD VIAL Trust), whose trustor is the Dominican State represented by the Ministry of Public Works and Communications (MOPC), being the first trust to which a second public offering of securities is approved.
The RD VIAL Trust has a first program of fixed income trust securities registered in the Securities Market Registry in 2016.
First broadcast
The maturity of the new fixed income trust securities to be issued under the second program, in accordance with the provisions of their issuance prospectus, will be up to 20 years from the date of issuance of each issuance generated by the issuance program. However, the maturity of the securities will never exceed the term of the Trust.
The Fixed Income Trust Securities of This Second Program may be acquired by any person who has the interest and legal power to do so, including individuals and legal entities, whether public or private, national or foreign.
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