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At issue is at least $340 million, the cities claim they are not liable for. The suit could impact the viability of the proposed plan of adjustment, but sources say the suit is unlikely to succeed.
March 15 -
The 'pension' bondholders have reached a preliminary deal with the Puerto Rico Oversight Board.
March 10 -
The plan and disclosure statement indicates only some of the terms for the HTA, CCDA, and PRIFA rum tax bonds.
March 9 -
Possible withdrawal of bond insurer support and the opposition of the local government to pension cuts are the biggest hurdles to the plan.
March 5 -
The deal continues to offer better recoveries for the guaranteed Public Building Authority debt than for general obligation debt, but trading of the GOs blew up with more than $180 million exchanging hands to higher prices.
February 23 -
The Oversight Board asked the court to extend its deadline for submitting various documents including a term sheet to restructure the central government debt.
February 10 -
Sixteen investment funds are making an argument on Employees Retirement System bonds that could be widened to other Puerto Rico bonds.
February 2 -
Bondholders say Puerto Rico is in a good position to pay the amounts listed in the February 2020 proposed Plan of Adjustment.
December 22 -
The Supreme Court decision in the Aurelius case that the Oversight Board was a local entity affected the U.S. Court of Federal Claims' decision.
November 24 -
Justin Peterson said he expects the next fiscal plan will allocate money for Puerto Rico's central government debt.
October 28