Puerto Rico
Puerto Rico parties argue over bondholder suit assignment
Judge Swain says she’ll hear claims that the government has manipulated PREPA’s budgets to bondholders’ detriment.
Read MorePierluisi and González Colón will face off for Puerto Rico governorship
Observers say Puerto Rico’s 2024 elections may not change government policy much.
Read MorePREPA bondholder attorney raises concerns about Oversight Board ‘invitation’
The question is raised whether “invitations” to support the plan were the same as “solicitations.”
Read MoreNew PREPA bondholder group identifies itself
Group’s attorney is said to have experience arguing before the U.S. Supreme Court.
Read MorePuerto Rico’s FY 2023 revenues were 12.8% above projections
But a change in how foreign corporations are taxed brought down total revenue for the year.
Read MoreOversight Board files PREPA plan of adjustment; BlackRock, Nuveen among those to settle
The investment firms that did not agree to the Oversight Board-led settlement would see only 3.5% of original par under the plan.
Read MorePuerto Rico Oversight Board costs exceed projections by four times
The board has spent $1.5 billion on outside consultants since its founding. It was expected to spend $370 million over nearly a decade.
Read MorePro-bondholder member of Puerto Rico Oversight Board resigns in protest
Peterson objected to the board’s treatment of PREPA bondholders.
Read MorePREPA settlements said to be near
Judge Swain approves another deadline extension for a proposed plan of adjustment.
Read MorePuerto Rico bureau approves PREPA transfer to defaulting company
The money is to help AES-Puerto Rico continue to provide PREPA with electricity.
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