Puerto Rico Public Buildings Authority

Puerto Rico Bankruptcy Chief Mediator Barbara Houser said that the bankruptcy judge should rule on issues concerning "nonsecured creditors."

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.

Recoveries would be from 65% to 77% for general obligation and Public Building Authority bondholders.

Puerto Rico's legislature may not want to approve what would effectively be an electricity rate increase, said analysts at a recent conference.

The secondary market price has risen 40% since June 11.

The Census Bureau’s 3,193,694 estimate for July 1 is 2.6% higher than the Oversight Board predicted for the date in its May 2019 fiscal plan.

Mediation Team Leader Barbara Houser said that mediation has recently been "productive" and should be given more time.

To avoid a return of the economic downturn, the board may need to improve its program to promote economic growth. Part V of a five-part series.

Puerto Rico, with more than $70 billion of bonds at stake, has become a testing ground of austerity for an economy in decline.

Swain insists that holders of 2012 and 2014 bonds, which have been challenged as illegal, be given litigation notice.