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The USVI government intends to refund the remainder of its outstanding bonds at the end of March.
March 10 -
If all goes to plan, officials say the deal would prevent the islands' pension system from running out of money.
February 1 -
Virgin Islands Sen. Kurt Vialet said he expects the legislature to approve the refunding bill by Monday. The current bill does not include an interest rate cap that killed a refunding deal attempted in September 2020.
January 25 -
While challenges abound — shuttered industries, outmigration and COVID — there are positive signs the territory’s economy can be boosted.
January 21 -
This would be fourth attempt to refund the islands' debts. Moody's Investors Service projects the island's pension fund will run out of cash by the start of fiscal 2024.
December 29 -
The $35 million of tax-exempt and taxable notes were privately placed with Nuveen.
December 10 -
The governor wants to use savings to address the islands' $3.3 billion pension underfunding.
November 30 -
The government is also hoping an outside company will take over the Limetree oil refinery in St. Croix.
September 21 -
Moody's says Guam needs to be ready to respond to shortfalls.
September 14 -
The fight between the governor and the legislature over control of the beleaguered utility is heading to the local Superior Court.
September 7