Backyard Bondholders meet with Oversight Board
January 12, 2017
Backyard Bondholders Inc., an organization representing about 20 percent of the government's outstanding public debt, met a briefing Wednesday with several members of the Financial Oversight and Management Board for Puerto Rico to establish the position of local bondholders.
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GO bondholders ask for invalidation of COFINA structure
January 11, 2017
The Ad Hoc Group of Puerto Rico General Obligation bondholders addressed a memo Tuesday to island policymakers claiming the unconstitutionality of the Sales Tax Financing Corp., known as COFINA, and asking for its invalidation.
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Oversight Board pegs fiscal deficit at $67.5B through ’27
December 21, 2016
The Financial Oversight and Management Board for Puerto Rico sent a letter to the outgoing and incoming governors confirming, among other things, that the Commonwealth will face a deficit of $67.5 billion over the next 10 years.
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