The Puerto Rico Sales Tax Financing Corp. plans to sell $3 billion to $4 billion of sales tax bonds in May in the U.S. and local market, potentially including Build America Bonds.

Puerto Rico officials boosted the total borrowing size to up to $4 billion from $500 million after learning that both markets will have the capacity to take on larger sales tax deals.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.