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Deal offers up to 76% for Public Building Authority bonds but as little as 3% for $16B of bonds subordinated to the GO debt in Puerto Rico's constitution.
February 10
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Recoveries would be from 65% to 77% for general obligation and Public Building Authority bondholders.
February 10
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The report says that the bond restructuring plan would lead to greatly increased rates and drastically cut usage.
February 7
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Puerto Rico’s nonvoting House representative said that President Trump has selected Coast Guard Rear Adm. Peter Brown to serve as disaster czar.
February 4
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On Sunday Puerto Rico's governor said she would oppose rate increases to support the authority's debt restructuring.
February 4
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The ERS bondholders' lien didn't survive the bankruptcy filing, the First Circuit Court of Appeals said.
January 31
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An Oversight Board lawyer said that an announcement might be made in the next 30 days.
January 29
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Puerto Rico's legislature may not want to approve what would effectively be an electricity rate increase, said analysts at a recent conference.
January 27
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Issues surrounding revenue bonds may delay resolution on the central government debt.
January 22 -
The secondary market price has risen 40% since June 11.
January 17
