-
In his annual address to Puerto Rico's legislature Pedro Pierluisi hailed the growth of Puerto Rico's economy.
March 30
-
Analysts say the PROMESA bankruptcy law is more creditor friendly than how the judge in the PREPA case interprets it.
March 27
-
The ruling may open the way for approval of a payout to bondholders as small as 0.21%.
March 23
-
A magistrate told PREPA bondholders and Oversight Board to continue negotiations for at least another 13 days.
March 21
-
Holders of COFINA subordinate bonds are seeking compensation from the U.S. government, claiming their property was taken without just compensation.
March 15
-
The ruling could set a precedent for the board's control over local government policies affecting the economy.
March 6
-
Judge Swain will approve the disclosure statement and sent the parties back to mediation.
March 1
-
The bond trustee has said treating bondholders differently violates the bond's trust agreement and makes the plan of adjustment unconfirmable.
February 27
-
While the FAFAA backed the board's discovery timeline, bondholders argue the board is trying to "run out the clock."
February 23
-
It says the plan of adjustment can treat bonds of National Public Finance Guarantee differently and let National vote in a different class.
February 22
-
The proposed plan's superior treatment of National Public Finance Guarantee-insured bonds is discriminatory and thus illegal, they allege.
February 21
-
The economy was boosted by COVID and hurricane relief money, one economist says.
February 16
-
"The board's arguments are bad for the future of infrastructure financing in the United States," Oversight Board member Justin Peterson said.
February 15
-
The board says the Ad Hoc Group of PREPA bondholders wrongly focused on "confirmation" issues in their attack on the board's proposed disclosure.
February 14
-
Low income residents of Puerto Rico won't be charged the proposed monthly fees the Oversight Board said.
February 10
-
Complaints include assertions the plan is unconfirmable and that it fails to offer necessary information.
February 6
-
"This settlement offer allows you to settle for payment in the form of new bonds of approximately half your claims," the Puerto Rico Oversight Board said.
February 2
-
The Puerto Rico Oversight Board says PREPA electric demand will decline 50% by 2051.
January 31
-
Mediation sessions are expected to resume in the coming weeks.
January 27
-
The contract is for 10 years.
January 25
