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The exchange-traded fund — the first ever triple tax-exempt — will consist of 80% Puerto Rico bonds with the balance being U.S. Virgin Islands and Guam bonds.
May 18 -
Dismissal would ease approval of a the current proposed plan of adjustment.
May 17 -
Included in the plan is a $545 million for a loan to the Puerto Rico Electric Power Authority and more money for the government's emergency reserve.
May 16 -
The U.S. Supreme Court ruled against a journalist group seeking the release of a wide range of Puerto Rico Oversight Board information, which may have had an impact on the PREPA bankruptcy proceedings.
May 12 -
One analyst says the final figure will be closer to the Puerto Rico Oversight Board's estimate than the bondholders'.
May 10 -
Many say continued lower rate would threaten U.S. Virgin Islands' financial solvency.
May 9 -
Without a consensual plan, the bankruptcy could be dismissed.
May 9 -
Judge Laura Taylor Swain is upset little mediation has occurred in recent months.
May 4 -
Without certification it will be harder to get the appeals court to hear any bondholders' appeal.
May 3 -
Increasing electric rates to pay the debt would lead to economic contraction, a University of Puerto Rico professor said.
May 2