Response to Ms. Cate Long Regarding Mr. Felix Salmon’s Article
Mr. Felix Salmon from Reuters has come up with a very interesting and thought provoking piece on PR defaulting on its bonds. The gist of his piece is “The point here is that the concept of seniority...
View ArticleRisks Factors Related to the Bonds Explained/Factores de Riesgos Relacionados...
El Preliminary Official Statement del 6 de marzo de 2014 expone importantes aspectos de la nueva emisión de bonos de PR. Primero, ¿que es el Official Statement? Según el Municipal Securities Rule...
View ArticlePuerto Rico’s Local Chapter 9, a Good Start
PR’s Local Chapter 9 Yesterday, Senators Nadal Power and Rosa Rodríguez filed a proposed act by which PR’s public corporations could reorganize its debts or even liquidate themselves. Essentially a...
View ArticleMy Thoughts Regarding Mr. Leonard Weiser-Varon and Mr. William Kannel of...
On March 17, 2014, Mr. Leonard Weiser-Varon and Mr. William Kannel of Mintz Levin published an entry in his blog titled “Legislative Balloon for Puerto Rico Public Corporation Insolvency Attracts...
View ArticlePuerto Rico’s Restructuring Revisited
Cate Long brought to our attention an article from Caribbean Business on April 17, 2014 In it, the Chairman of the PR House Treasury Committee, Rafael “Tatito” Hernández stated the following: “There...
View ArticleInvestors Beware: Bonds and Amending the Constitution
Today, three PPD (Manuel Natal, Luis Vega & Luis Torres) members of the Puerto Rico House of Representatives announced that tomorrow, they will be filing a Joint Resolution to consult the People of...
View ArticleLA AEE Y SU PLAN DE RESTRUCTURACION
El lunes 1ro de junio de 2015, la AEE tiene que entregar a los forbearing bondholders (60% de todos los bonistas y los bancos a quien se les debe casi $700 en líneas de crédito que se vencieron en...
View ArticlePS 1350 AND THE INSOLVENCY OF THE GDB
There is a debate in PR over PS 1350, which essentially orders government agencies, and instrumentalities to deposits its funds with the GDB. Aside from withdrawing deposits from the island’s banking...
View ArticleEL PS 1350 Y LA INSOLVENCIA DEL BGF
Se ha suscitado un debate en PR sobre el PS 1350 que esencialmente ordena a las agencias de gobierno y sus corporaciones públicas a depositar su dinero con el Banco Gubernamental de Fomento. Aparte de...
View ArticleTHE SENIOR COFINA BONDHOLDERS’ LETTER
On September 24, 2015, a group of senior bondholders of COFINA, which claim to hold 25% of the principal amount of the debt, sent the Government Development Bank (GDB) a letter objecting to the Puerto...
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