All posts tagged "bondholders"
Mediator: More Progress in Talks to Resolve Argentina’s Debt
NEW YORK – A court-appointed mediator reported more progress Friday in efforts by Argentina to resolve a dispute with bondholders who claim they are owed about $10 billion by the financially strapped South American nation. A week...
- Posted February 13, 2016
UTIER Holds Protests at Investment Summit, Argues Prepa will Increase Rates
SAN JUAN – When asked about the lack of protesters at the Puerto Rico Convention Center, where the 2016 Puerto Rico Investment Summit is taking place, the president of the Irrigation & Electrical Workers Union (Utier by...
- Posted February 11, 2016
Sen. Seilhamer: Power Bill Hike with Bill’s Passage to only Benefit Creditors
SAN JUAN – New Progressive Party (NPP) Sen. Harry Seilhamer denounced Thursday that Senate Bill 1523 to restructure the debt of the Puerto Rico Electric Power Authority (Prepa) will represent an increase to the electric bill and...
- Posted February 11, 2016
Sources: Debt-restructuring Talks with Creditors to Resume this Week
SAN JUAN – The Puerto Rico government will resume this week debt-restructuring talks with its creditors, with meetings between advisers representing the sides set to take place on Friday, Jan. 29, Caribbean Business sources said Tuesday. During a...
- Posted January 26, 2016
Senate Calls for Prepa Negotiations to Resume
SAN JUAN – Senate President Eduardo Bhatia urged the Puerto Rico Electric Power Authority (Prepa) and its creditors to resume negotiations for an agreement to be reached regarding the restructuring of the public utility’s debt. “The call,...
- Posted January 25, 2016
Prepa Restructuring Support Agreement Terminated
SAN JUAN – As the deadline for the passing of the Puerto Rico Electric Power Authority’s (Prepa) revitalization bill was blown Friday, the Restructuring Support Agreement (RSA) between 70 percent of the authority’s bondholders and the power...
- Posted January 23, 2016
Puerto Rico Revises Fiscal Plan, Restructuring Proposal to Creditors
SAN JUAN – The Puerto Rico government’s fiscal team will hold Friday a conference call with creditors’ advisers in which a new fiscal & economic growth plan (FEGP) will be presented by the commonwealth, according to a...
- Posted January 15, 2016
Kroll Bond Rating Agency Comments on Puerto Rico, Bond Insurers
SAN JUAN – Kroll Bond Rating Agency (KBRA) has an outstanding insurance financial strength rating of AA+, with a stable outlook, on both Assured Guaranty Municipal Corp. (AGM) and National Public Finance Guarantee Corp. (National). These two...
- Posted January 14, 2016
Nearly 20,000 People to Receive their Reimbursements this Week
SAN JUAN – Puerto Rico Treasury Secretary Juan Zaragoza said Monday that about 20,000 people will be receiving their tax return reimbursements this week, representing some $15 million. Zaragoza said Treasury has reimbursed 68 percent of all...
- Posted January 4, 2016