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The Supreme Court let a lower court decision stand that may mean bondholders will get 100 cents on the dollar instead of 13 cents on $3.2 billion of bonds.
October 7 -
This week's new deals will price into a market that has seen declining yields as stocks and Treasuries have weathered market volatility.
October 7 -
The island's economic index "is approaching the behavior that existed prior to the hurricane.”
October 3 -
Gov. Wanda Vázquez García's support for pension cuts that had been opposed by her predecessor is seen as "a strong positive" for the debt restructuring.
September 30 -
The Puerto Rico Oversight Board filed a proposed plan of adjustment Friday that would reduce the commonwealth’s debt obligations by 60% and establish a roadmap to exit bankruptcy.
September 27 -
With a meeting on the restructuring set, bondholders were girding for battle over the board's plan to nullify portions of the debt.
September 25 -
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The household employment survey showed good economic news, while other measures were mixed.
September 20 -
Amending the law that established an oversight board for restructuring Puerto Rico’s debt looks like a tall order.
September 18 -
The gain was led by a 53% jump in revenue from the Act 154 excise tax, which is due to be phased out.
September 17