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Gov’t Announces BofA Merrill Lynch as Lead Investment Banker

By on February 14, 2017

A general view of atmosphere is seen during the Merrill Lynch Clear launch on May 14, 2014 in New York City. (Brian Ach/AP Images for AP Images for Bank of America Merrill Lynch)

(Brian Ach/AP Images for AP Images for Bank of America Merrill Lynch)


SAN JUAN – The administration of Gov. Ricardo Rosselló selected New York-based Bank of America Merrill Lynch (BAML) as lead investment banker for the government of Puerto Rico, the Fiscal Agency & Financial Advisory Authority (FAFAA) announced Tuesday.

Moreover, a pool of banks comprising Barclays, Goldman Sachs, Jefferies and JP Morgan will serve as possible co-underwriters or co-broker dealers on potential capital market transactions not only for the government, but also its agencies and instrumentalities.

According to FAFAA, at this point, the government has yet to identify any potential transaction for the banks to participate in. Meanwhile, possible transactions could include the underwriting and placement of municipal bonds, the coordination, underwriting and placement of capital market transactions, and the execution of tender offers and debt exchanges.

BAML will work hand in hand with the government’s lead restructuring advisers, Rothschild, as well as FAFAA’s team.

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