Local bondholders to hold 2nd meeting with Government representatives
SAN JUAN – A second meeting of Puerto Rican Bondholders will be held Thursday to discuss how the more than 60,000 people still owed about $15 billion as part of the public debt are directly affected.
“For a second time, Puerto Ricans will be able to get orientation and learn more details about the situation that affects them in this Second Meeting of Bondholders, which we know will be very impactful, like the previous one was. A year ago, over 700 people responded to the call because the concern for their present and future is great.
“Today, that concern is even greater since we already have the fiscal oversight board and a new local and federal administration. Therefore, there is great uncertainty regarding the expected debt restructurings and how they will be affected by them,” said Rafael Rojo, president of Bonistas del Patio and organizer of the event.

Philipe Schoene, executive editor of Caribbean Business, will moderate the “Title III, Bankruptcy or Title VI, Negotiations” panel. (Jaime Rivera / CB)
The meeting, which is slated for 9 a.m. and open to the public, will be carried out at the Puerto Rico Convention Center.
Among the speakers will be Gov. Ricardo Rosselló, who will deliver a message to attendees at the conclusion of the day’s forums.
The event’s itinerary includes a panel in which several Puerto Rican bondholders will share with the audience their experience with how the debt has been managed, its devaluation and the government’s defaults on Puerto Rico government bonds.
The Puerto Rican Congress’ point of view on the matter will be presented by legislative leaders. That second panel will be moderated by Rojo.
The issue of what should be the most appropriate way to restructure the debt will be discussed in the panel entitled, “Title III, Bankruptcy or Title VI, Negotiations.” This panel will comprise Nader Tavakoli, CEO of Eagle Rock Capital Management, and economist Vicente “Chenti” Feliciano. Philipe Schoene, executive editor of Caribbean Business, will be its moderator.
Next, government officials who are dealing directly with the public debt’s restructuring will share their positions in a panel composed of Elías Sánchez, the government’s representative to the fiscal oversight board; Gerardo Portela, director of the Fiscal Agency and Financial Advisory Authority (FAFAA); and Christian Sobrino, president of the Government Development Bank (GDB).
There will also be a discussion in which several fund managers who have invested in GO, Sales Tax Financing Corp. (Cofina) GDB and other debt share their perspectives about the different credits.
During the afternoon, Bonistas del Patio spokespeople will address bondholder concerns in a panel designed to answer questions from the public. It will be moderated by journalist Grenda Rivera and will include as panelists Jorge Irizarry; Rafael Rojo; Ana Del Toro, of Picó & Blanco; and Carlos Rodríguez Rioja, financial adviser to Bonistas del Patio.
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