Puerto Rico Sales Tax Financing Corp (COFINA)

The strong performance may strengthen bondholders' hand in negotiating Puerto Rico bond restructuring.

The board says more than $1.7 billion in revenue is at stake in fiscal years through 2024.

The Supreme Court will rule on both the legality of the board members' appointments and the validity of their rulings since appointment.

The board anticipates spending $596 million for COFINA and GDB debt service.

Signed on June 30, 2016, the Puerto Rico Oversight, Management, and Economic Stability Act sent Puerto Rico’s bondholders and residents on a difficult odyssey that is far from over.

The Puerto Rico Treasury now expects 33.6% more revenue in the fiscal year than the original projection.

German Ramirez and Richard Prann of HJ Sims talk from Puerto Rico about the situation on the island and discuss COFINA and the IRS, what's new with the GDB bonds and with the commonwealth's GOs. Chip Barnett hosts.

Puerto Rico CFO Rafael Maldonado Gautier said that some Treasury professionals have been selling influence, issuing false licenses, and trying to extort him.

They say a ruling in the Aurelius case reinforces their contention that the Puerto Rico Oversight Board is a federal body.

The U.S. Supreme Court agreed to hear a case that could upend the work of the oversight board tasked with pulling Puerto Rico out of its record bankruptcy.

The Federal Open Market Committee is meeting this week and the muni market is looking for rate cut signals.

Another big week lies in store for the municipal bond market, with a variety of big name issuers ready to sell bonds.

The new bonds would offer about 25 basis points less in interest.

But size isn't everything as the value of the municipal bond market increased.

Investors will see nearly $10 billion of weekly bond volume in a calendar composed of $6.4 billion of negotiated deals and $3.4 billion of competitive sales.

BofA Securities priced the county’s $700 million of tax and revenue anticipation notes.

Municipal bond buyers are prepared Monday to see almost $7 billion of volume head their way this week.

Demand for tax-exempt income overwhelmed the usual selling in the secondary market during tax season.

Over the first 10 months of the fiscal year, General Fund net revenues are 11% above October projections.

U.S. Justice Department responds to hedge funds seeking reimbursement for Oversight Board impairments to bonds.