Any doubts as to the power of the Dominican Republic’s tourism industry are laid to rest by Cap Cana, the largest and most ambitious leisure project in the Caribbean.
The complex covers an area of 122 square kilometres (it is twice the size of Manhattan), with 5.6 kilometres of beachfront. Last year, Cap Cana launched the largest corporate bond in the country’s history, a $250m, seven-year issue at 9.62%. This was the first time that a Dominican company has been financed in the international market at a rate below 10.87%, and Cap Cana is the only Dominican corporate issuer to be assigned a B rating by Fitch Ratings and B3 by Moody’s Investors Services.
