Puerto Rico

An estimated $1.6 billion may flow to COFINA bond holders within weeks following Monday's approval of the muni market's biggest-ever plan of adjustment.

The restructuring is the biggest in U.S. municipal history.

Swain says that bondholder must first make the request to the U.S. Trustee.

Ipreo forecasts weekly bond volume will surge to $7.2 billion from a revised total of $3.8 billion this week.

Ruling may lead to the requirement to pay interest on the bonds despite the Employees Retirement System bankruptcy.

Traditional bond buyers are going back to Puerto Rico.

Laura Taylor Swain indicated she liked the procedures proposed by the Oversight Board and Unsecured Creditors Committee.

Raúl Maldonado Gautier will gain direct control of all monetary issues in the commonwealth's government.

Teresita Fuentes has been in the position for six months.

Judge Susan Braden had said she was inclined to hold the U.S. government responsible for impairments to Employees Retirement System bonds.