The government of Puerto Rico is facing a busy week with the development of three key events on- and off-island, headed by a decision to make a $354 million bond payment by the Dec. 1 deadline.
OppenheimerFunds and Franklin Advisers, which represent Public Finance Corporation bondholders, sent a letter to Puerto Rico government officials demanding that they take “all necessary actions” to make the $58 million payment missed this week.
The Puerto Rico Municipal Revenue Collections Center announced the July 10 start of the payment period for property taxes, while urging residents to use online tools to comply with their annual obligations.