Popular Inc. announced Thursday it has agreed to sell $450 million of its senior notes, due in 2019, to pay off its Troubled Asset Relief Program debt with the U.S. Treasury.
Nearly six years after receiving $935 million from the U.S. Treasury through its Troubled Asset Relief Program, Popular Inc. announced Wednesday it has received the go-ahead from regulators to repay the amount.
Popular Inc., parent company of Banco Popular de Puerto Rico, has filed its application to repay the $935 million it owes the U.S. government through the Troubled Asset Relief Program, bank CEO Richard Carrión said ...