Puerto Rico

The restructuring is expected to save PREPA and Puerto Rico residents about $3 billion in debt service payments over the next 10 years.

Sometimes you can get what you want as well as what you need as muni buyers get set to see $6.5 billion of new issues.

The board wants to recover more than $1 billion in payments and fees on bonds it deems illegal.

Bond buyers saw the Massachusetts EFA and Milwaukee as the last new deals closed up shop.

The governor accused the Oversight Board of having “overstepped its boundaries, making it an even more undemocratic entity.”

The suits against non-bond creditors are a step in an effort to claw bank money that will extend to bondholders.

Democratic representatives hailed the decision, which averts an interruption of the effort to restructure the island's debt.

Board says it it will sue those who held at least $2.5 million of the challenged bonds from May 2013 to May 2017.

The municipal bond market is waiting with anticipation for this week's new issues.

The board says it will file law suits seeking to claw back funds from bondholders before the end of Thursday, May 2.