SAN JUAN, Puerto Rico (AP) — A federal control board that oversees Puerto Rico’s finances announced Tuesday that it has offered a $3 billion settlement to bondholders in a new
SAN JUAN, Puerto Rico (AP) — A federal control board that oversees Puerto Rico’s finances announced Tuesday that it has offered a $3 billion settlement to bondholders in a new push to finally restructure more than $10 billion in debt held by the U.S. territory’s power company.
The board is proposing paying cash and offering the issuance of new bonds to bondholders that have not settled and are seeking some $8.5 billion in claims.
Board offers $3B settlement to restructure Puerto Rico power company debt
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A federal control board that oversees Puerto Rico’s finances says it has offered a $3 billion settlement to bondholders in a new…
Ambos coinciden en que aunque la ley federal Promesa laceró los poderes autonómicos de la isla, sería “una tragedia” regresar a…
Democrats agree that the Puerto Rico Electric Power Authority’s debt restructuring must be completed first.
Both agree that although the federal PROMESA law curtailed the island’s self-governing powers, it would be “a tragedy” to return…
Protagonistas de esas primeras conversaciones en Washington D. C. rememoran los esfuerzos de crear un mecanismo para que la isla…
El ejecutivo revela que el organismo trabaja en la nueva estructura que acabaría con el ciclo de control presupuestario, pero…
