The Financial Oversight and Management Board for Puerto Rico has reached an agreement with certain Commonwealth bondholders to resolve $35 billion of debt and non-debt claims via a revised plan of adjustment. The new agreement reduces the Commonwealth’s debt service (including principal and interest from the COFINA Senior Lien bonds) by 56%, to $39.7 billion […]
The Financial Oversight and Management Board for Puerto Rico welcomed today a new initiative to reduce the backlog of property deeds and other documents yet to be registered in Puerto Rico. This initiative was launched with the University of Puerto Rico and the Department of Justice. The new program, designed to tackle more than 400,000 […]
The Financial Oversight and Management Board for Puerto Rico’s admission that there will be significantly less federal recovery money flowing into the island could stump the island’s future growth and debt restructuring talks, an analysis by the H. Calero Consulting firm stated. Recently, the Oversight Board confirmed that the island would get about $30 billion […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
