The Dominican Republic surprised investors by canceling a planned USD bond sale, instead opting to increase borrowing in its own currency. The government issued its second peso-denominated global bond of the year, worth about USD 1.25 bln and due in 2035, while buying back other debt in 2026. Despite the 11.25% coupon rate, Deputy Minister María José Martínez stated it was cheaper when factoring in currency devaluation. The bond buyback is part of a strategy to reduce some of the USD 5 bln it owes in 2026.