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The deal affects $3.2 billion of Employees Retirement System bonds.
April 5 -
Assured Guaranty and National Public Finance Guarantee continue talks with the Puerto Rico Oversight Board.
April 1 -
A Biden executive order may lead to the expansion of a central Puerto Rico industry — pharmaceuticals.
April 1 -
The pandemic and the resultant lockdowns have hit employment in the 50 states worse than they have on the island, which saw a 1.6% decline.
March 17 -
At issue is at least $340 million, the cities claim they are not liable for. The suit could impact the viability of the proposed plan of adjustment, but sources say the suit is unlikely to succeed.
March 15 -
The 'pension' bondholders have reached a preliminary deal with the Puerto Rico Oversight Board.
March 10 -
The plan and disclosure statement indicates only some of the terms for the HTA, CCDA, and PRIFA rum tax bonds.
March 9 -
Possible withdrawal of bond insurer support and the opposition of the local government to pension cuts are the biggest hurdles to the plan.
March 5 -
An appeals court ruled that PRIFA and HTA issuers do not have to pay debt service during the Puerto Rico bankruptcy.
March 4 -
The First Circuit said Puerto Rico credit unions did not take appropriate timely steps to challenge the bond restructuring.
March 3