All posts tagged "general obligation debt"

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  Puerto Rico Gov Rejects Deal that Would Reduce $35 billion in debt by 70%

  Fiscal Board, Bondholders: Would Reduce $35 billion in debt by 70%; Shortens Repayment Period to 20 Years

  • Posted February 10, 2020
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  La Fortaleza Vetoes Key Fiscal Bill

  HB 2959 would create special fund to service GO interest payments

  • Posted August 1, 2016
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  Hernández Insists in Earmarking Funds to Pay GO Debt Interests

  House leader wants to earmark around $300 million; Senate wants to use money to prop up retirement pension system instead

  • Posted June 29, 2016
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  Puerto Rico Debt Payments Almost 20% of Next Year’s Budget

  By contrast, in the current fiscal year, debt service is 12% of the $9.5-billion budget

  • Posted June 8, 2016
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  Puerto Rico Gov’t Working On New Proposal to Creditors

  Advisers for commonwealth and creditors hold talks ahead of July 1 debt payment

  • Posted May 11, 2016
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  Fas Alzamora Supports Amendments to Moratorium Act

  While the House amendments to the law that allows the governor to declare a debt moratorium face an uphill battle in the Senate, Popular Democratic Party Sen. Antonio Fas Alzamora threw his hat behind the bills. On Monday night,...

  • Posted April 20, 2016
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  Hernández Presents Amendments to Debt Moratorium Act

  Amendments Hernández presented would exclude not only GO bonds, but also debt related to Prepa and Prasa

  • Posted April 7, 2016
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  Puerto Rico Debt Dips Slightly to $69.2 Billion

  Central government debt goes down, although GO and COFINA debt stays the same

  • Posted April 6, 2016
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  Senate President Expects Tough Debate if Fiscal Control Board Imposed

  Says Issue of Default Should Not be Excluded

  • Posted March 14, 2016
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  GOP Rep. Sensenbrenner: Puerto Rico Legislation ‘A Work in Progress’

  SAN JUAN – On his way out of a meeting with Gov. Alejandro García Padilla at La Fortaleza on Wednesday, U.S. Rep. Jim Sensenbrenner (R-Wis.) said Congress’ final say over Puerto Rico’s fiscal and economic crisis is...

  • Posted March 9, 2016