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The December index value was down 0.7% from November.
February 22 -
About 30 investment funds filed a motion in the Employees Retirement System's bankruptcy to be named as its trustee.
February 21 -
The bigger risk is that the President and U.S. Senate won’t be able to install new (or existing) members within 90 days.
February 21New York University Marron Institute of Urban Government -
Puerto Rico Sales Tax Financing Corp.’s COFINA deal faced new challenges, while the Supreme Court declined to hear an appeal on HTA.
February 20 -
The ruling may benefit bondholders, though an appeal and political wrangling over Oversight Board appointments threaten to prolong the uncertainty.
February 19 -
The appeals court ruled the appointments were unconstitutional, but didn’t invalidate either the existing board's actions or the parts of the Puerto Rico Oversight, Management, and Economic Stability Act that didn't address the board appointment process.
February 15 -
The board said that the Senate is withholding bank account information.
February 14 -
What had been about $17.6 billion in COFINA bond par value became about $12 billion in new COFINA bond value.
February 12 -
Attorneys say the Oversight Board's move to nullify $6 billion of bonds would violate both federal Supreme Court rulings and local law.
February 11 -
An estimated $1.6 billion may flow to COFINA bond holders within weeks following Monday's approval of the muni market's biggest-ever plan of adjustment.
February 5