All posts tagged GDB

PR gov’t defaults on $312M in debt, interest due Feb. 1
February 2, 2017, No Comments

The Commonwealth of Puerto Rico defaulted on $312 million in principal and interest due Feb. 1st by four credit-issuing ...

Bacó: GDB should not be liquidated, must be re-focused
August 2, 2016, No Comments

The fate of the Puerto Rico Government Development Bank should not be liquidation, but rather a refocus to return to pro ...

Bacó confirmed as acting president of GDB
August 1, 2016, No Comments

Economic Development and Commerce Secretary Alberto Bacó will take on an additional role in Gov. Alejandro García-Padi ...

Bonistas del Patio blasts GDB debt restructuring law
July 28, 2016, No Comments

Bonistas del Patio Inc., which groups Puerto Rican bondholders holding about $15 billion in Commonwealth debt, called Go ...

Acosta to step down as GDB chief after ‘3 ½ tough years’
July 8, 2016, No Comments

Saying she “did the best she could with the tough hand that was dealt” and ending 12 years of public service, Puerto ...

GDB bondholders seek to continue court challenge
July 5, 2016, No Comments

Puerto Rico Government Development Bank bondholders filed a motion to ensure that they may continue to pursue their cons ...

P.R. gov’t, creditor talks break off despite trading offers
June 22, 2016, No Comments

Following the Puerto Rico government’s confirmation Tuesday that negotiations with Rico Sales Tax Financing Corporatio ...

Commonwealth launches bondholder registry initiative
June 16, 2016, No Comments

The government of Puerto Rico announced Wednesday the launch of an a bondholder registry to improve and facilitate commu ...

G25 credit unions unveil debt restructuring proposal
June 7, 2016, No Comments

Twenty-five members of Puerto Rico’s credit union sector unveiled today in New York a proposal to restructure the bulk ...

GDB waiting for ‘global’ restructuring offer for $48B debt
May 31, 2016, No Comments

The Puerto Rico Government Development Bank is waiting for creditors to submit a “global” restructuring offer that w ...