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The Puerto Rico Oversight Board, the government of Gov. Ricardo Rosselló, COFINA senior bondholders’ representatives, COFINA subordinate bondholders’ representatives, and bond insurers agreed to the deal.
August 8 -
A draft of the plan in early July indicated that 71.3% of the funding was to come from the federal government.
August 8 -
The governor vowed to disobey Swain’s order, which he said would end Christmas bonuses or lead to "massive layoffs."
August 7 -
The board declined to say what the net impact on the central commonwealth government’s finances would be.
August 2 -
Christian Sobrino Vega takes over directorship of the agency in charge of debt restructuring from Gerardo Portelo Franco,
August 1 -
A new preliminary restructuring deal between the Puerto Rico Electric Power Authority and its creditors is a positive step for bondholders in a post Hurricane Maria world, according to analysts.
July 31 -
Puerto Rico has released three key reports since July 10.
July 30 -
But Eduardo Bhatia, minority leader of the Puerto Rico Senate, said he welcomes the proposal for $7.5 billion in debt relief.
July 27 -
The U.S. Territorial Relief Act of 2018 would give territories the option to terminate their debt obligations while authorizing $7.5 billion in federal funds to compensate mainland creditors who are individual investors, trade unions, pension plans, and open-end mutual funds.
July 25 -
“I realize the urgency of the situation,” U.S. District Court Judge Swain said at the end of the Title III bankruptcy hearing in San Juan.
July 25