SAN JUAN, Puerto Rico (AP) -- The governor has called on creditors to postpone bond payments and restructure the U.S. territory's $72 billion in public debt as the government closes out its fiscal year Tuesday amid growing uncertainty about the island's economy....
Similar Stories to Puerto Rico Wants Bondholders To Postpone Debt Payments on Bing News
By DANICA COTO, Associated Press: Nation
Mon, 06/29/2015 - 9:05pm
BING NEWS:
- Puerto Rico Bondholders Win Back Rights to Electricity Revenues
A federal appeals court said Puerto Rico bondholders have collateral rights over revenue generated by its bankrupt public power utility, a ruling that could delay and possibly upend a planned $10 ...
06/13/2024 - 11:22 am | View Link - Industry hails PREPA court decision as win for bondholders, revenue bond pledges
The public finance community hailed Wednesday's First Circuit Court of Appeals ruling that Puerto Rico Electric Power ... only with money already in the debt service funds," Fabian said. "This is good ...
06/13/2024 - 9:37 am | View Link - PREPA Bondholders Applaud U.S. First Circuit Court of Appeals Ruling and Look Forward to Reaching Fair Resolution to End Bankruptcy
NEW YORK--(BUSINESS WIRE)--Bondholders of the Puerto Rico Electric Power Authority (“PREPA”), including GoldenTree Asset Management, LP and Assured Guaranty Municipal Corp. and Assured Guaranty Inc.
06/13/2024 - 5:05 am | View Link - Puerto Rico Utility Debt Deal at Risk After Court Reversal
Puerto Rico’s main electric utility may need to revamp — or scrap altogether — a debt-restructuring plan in order to give bondholders more money, after an appeals court Wednesday reversed earlier ...
06/13/2024 - 4:47 am | View Link - Oversight Board raises more questions about Puerto Rico's finances
There were $8.384 billion in transfers out of the Puerto Rico general fund in that fiscal year. Of this, $7.395 billion was transferred either to the debt service fund for paying general obligation ...
06/13/2024 - 1:00 am | View Link - More
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