Castillo y Castillo advises issuer in the first Initial Public Offering of Securities backed by Shares of Stock

October 10, 2019

Castillo y Castillo advised Pasteurizadora Rica –a leading producer of dairy products- in an Initial Public Offering of Securities backed by shares of stock, issued through the RICA 03–FU Public Offer Trust Fund. The amount of the IPO is eight billion Dominican Pesos (DOP 8,000,000,000.00).

The said issuance is the first ever Initial Public Offering of securities backed by common shares of stock in a Dominican entity, and therefore constitutes a groundbreaking transaction for the Dominican securities market.

Castillo y Castillo is very proud of having been part of this historic issuance.

We sincerely thank Pasteurizadora Rica, S.A. and the RICA 03–FU Public Offer Trust Fund for selecting Castillo y Castillo as their legal advisors for such an important and groundbreaking transaction.

About Castillo y Castillo

With over 85 years in the market, Castillo y Castillo has extensive experience in the Dominican Securities Market, having participated in the first public bond issuance, in the first Public Issuance of Subordinated Debt Bonds and in the first public issuance of trust securities made in the Dominican Republic.

The firm’s work history adds its recent participation in the issuance of the public offer of equity funds securities backed by capital shares approved by the Securities Market Superintendence, a pioneer transaction in the country.

For three consecutive years, the firm has been nominated as a finalist in the “Dominican Law Firm of the Year” category for the Chambers Latin America Awards for Excellence.