All posts tagged GDB

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 ...

GDB bondholders sue P.R. gov’t over Moratorium Act
May 23, 2016, No Comments

A group of Government Development Bank for Puerto Rico creditors have filed an amended complaint in the U.S. District Co ...

Court: Gov’t will have to turn over bondholder info
May 13, 2016, No Comments

After nearly a year of litigation, the Center for Investigative Journalism on Thursday confirmed another legal victory i ...

Moody’s: Default foreshadows long battle to restructure
May 9, 2016, No Comments

Although the government of Puerto Rico paid its General Obligation bonds and guaranteed debt due May 1, which totaled ab ...

P.R. credit unions: GDB restructuring deal falls short
May 5, 2016, No Comments

A group of Puerto Rican credit unions identifying themselves at the “G25” said Thursday the preliminary restructurin ...

Economist: GDB liquidation could be messy proceeding
May 5, 2016, No Comments

A liquidation of the Government Development Bank for Puerto Rico could be a messy proceeding, because there is no preced ...

Politicians, analysts, creditors react to gov’t debt default
May 3, 2016, No Comments

The Puerto Rico government’s decision to default on a portion of the $470 million in debt service payments due Monday ...