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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GDB plans to issue debt in March via ‘speculative’ deal
February 19, 2014
The Puerto Rico government is paving the way for a general obligation bond sale next month through which it seeks to raise as much as $3.5 billion to improve the Government Development Bank’s liquidity, high-ranking administration officials said Tuesday.
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Puerto Rico’s Econ. Activity index -5.2% YOY in Dec.
February 11, 2014
Puerto Rico’s economic activity continued to spiral in December, when all four key components showed signs of contraction.
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