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The system is seeking about $7.7 million of past due contributions and loans.
April 26 -
Holders tendered about 75% of U.S. Virgin Islands Public Finance Authority bonds that were eligible for a tender offer.
March 29 -
The Virgin Islands Public Finance Authority and Matching Fund Special Purpose Securitization Corporation plans to price $793.025 million of tax-exempt and $124.960 million of taxables.
March 22 -
The USVI government intends to refund the remainder of its outstanding bonds at the end of March.
March 10 -
The restructuring is on track to occur March 15, officials said.
March 3 -
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 -
The junk-rated Chicago Public Schools sold $872 million of new-money and refunding bonds into a rockier market for high-yield paper Thursday.
January 14 -
The $35 million of tax-exempt and taxable notes were privately placed with Nuveen.
December 10