All posts tagged "Government Development Bank"

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  Plans to Establish New Fiscal Agency Could Run Above Budget

  Uncertainty looms large over the island’s new fiscal agency

  • Posted June 1, 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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  Another Puerto Rico Entity Placed Under Emergency Period

  Prifa faces $5.1M payment on June 15

  • Posted May 1, 2016
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  GDB Bonds Selling at 17 to 20 Cents on the Dollar

  Precipitous drop a far cry from a year ago, when they sold around 65 cents on the dollar

  • Posted April 28, 2016
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  No Delivery Date Yet for Puerto Rico’s Fiscal 2014 Audited Statements

  La Fortaleza continues meetings with independent auditors in a bid to deliver long-awaited financial report

  • Posted April 27, 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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  Treasury Secretary Resigns from GDB Board

  SAN JUAN – Puerto Rico Treasury Secretary Juan Zaragoza has reportedly resigned from his seat on the Government Development Bank’s (GDB) board, leaving the bank short two directors. It is the latest obstacle for the financially troubled...

  • Posted April 3, 2016
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  Commonwealth to Present Moratorium Legislation

  Revised debt-restructuring offer to creditors will not be public yet; negotiations continue

  • Posted March 31, 2016
• Bond Exchange Seeks to Trade Value for Shared Pain

  The bond exchange the Puerto Rico government is proposing to holders of $49.2 billion of debt will have an impact on local bondholders who have a nominal value of around $15 billion in bonds. Economist Vicente Feliciano...

  • Posted February 11, 2016
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