GDB sells $3.5B in tax-exempt General Obligation bonds
March 11, 2014
The Government Development Bank for Puerto Rico has sold $3.5 billion worth of tax-exempt fixed rate General Obligation Commonwealth bonds, the agency announced.
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Puerto Rico gov’t lays out risks ahead of bond issue
March 10, 2014
On the eve of what seems to be a “do-or-die” trip to the stateside bond market through which it is seeking to sell at least $3 billion in Commonwealth General Obligation bonds, the government is warning would-be investors that purchasing into the deal “involves significant risks.”
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Gov. signs $3.5B GO bond issue, Fitch assigns ‘BB’ rating
March 5, 2014
Puerto Rico Gov. Alejandro García-Padilla signed Tuesday legislation authorizing the issuance of $3.5 billion in general obligation (GO) bonds to be used to refinance outstanding credit lines granted by the Government Development Bank and address the government’s liquidity issues.
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