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The first hearing of the Puerto Rico Title III case on Wednesday reinforced that the battle between general obligation and Puerto Rico Sales Tax Financing Corp. (COFINA) bondholders will be a central issue as the biggest municipal restructuring gets underway.
May 19 -
Puerto Rico’s debt reorganization hearings began with a decision by Judge Laura Taylor Swain to consolidate administration of two existing filings affecting about $30 billion of bonds.
May 17 -
The Puerto Rico Oversight Board’s Title III cases got new case numbers on Thursday.
May 11 -
The Puerto Rico Oversight Board extended the deadline for Gov. Rosselló to submit the FY2018 budget by two weeks.
May 9 -
Puerto Rico Gov. Ricardo Rosselló and his financial advisors are insisting that the Title III judge cannot review the amount of debt that Puerto Rico will pay in the next ten years.
May 5