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Two key Puerto Rico Oversight Board members met with members of Congress Thursday and Friday.
September 29 -
The proposal would benefit bondholders without helping PREPA rebuild the power grid, a government statement said.
September 28 -
Puerto Rico's power authority said it may take more than six months to restore electricity and there was a report that the Oversight Board was ready to revise the amount of debt to be paid in the next nine years.
September 27 -
The potential financial lifeline from investors holding $3 billion of the utility’s bonds would only be available if the authority agrees to repay a third of that debt for 85 cents on the dollar
September 27 -
Puerto Rico Oversight Board executive director Natalie Jaresko told The Bond Buyer the commonwealth might also pay some of its debt later this year.
September 19 -
Puerto Rico Title III bankruptcy judge Laura Taylor Swain rejected a motion to lift the stay on the Puerto Rico Electric Power Authority's debt litigation, denying its creditors the ability to seek a receivership.
September 14 -
Kobre & Kim will assist in the board's investigation of Puerto Rico’s debt.
September 14 -
One lawyer called the bankruptcy judge’s ruling a "victory in the Oversight Board's effort to destroy all bondholder liens in Puerto Rico."
September 12 -
A U.S. district court on Tuesday rejected that bond insurer Ambac Financial was liable for allegedly overly optimistic and misleading statements it had made about its insured Puerto Rico bonds.
September 6 -
Activists protested what they called Aurelius Capital Management’s support for austerity in Puerto Rico.
August 31