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Showing posts with label default. Show all posts
Showing posts with label default. Show all posts
Tuesday, May 3, 2016

GDB Creditors Agree To 53% 'Haircut'

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Press Release Government Development Bank GOVERNMENT DEVELOPMENT BANK FOR PUERTO RICO ANNOUNCES FRAMEWORK OF INDICATIVE...
Monday, May 2, 2016

Puerto Rico News Digest For May 2, 2016

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PR DEFAULTS ON GDB PAYMENT   From Caribbean Business: "In a televised message Sunday, Gov. Alejandro García Pa...
Friday, April 29, 2016

Puerto Rico News Digest For April 29, 2016

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PR GOVT MAY DEFAULT ON MAY 1ST From Forbes: "Speaking to reporters on Wednesday, Governor Alejandro Garcia Pad...
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Thursday, December 31, 2015

Puerto Rico News Digest For December 31, 2015

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GOVERNOR: PR WILL DEFAULT ON $37 MILLION From News Is My Business: "The government of Puerto Rico will make mos...
Wednesday, August 5, 2015

Puerto Rico News Digest For August 5, 2015

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2-DAY RATIONING COMES TO LA PLATA As announced several days ago by the island's water utility, AAA,  cus- tomers...
Tuesday, August 4, 2015

GDB President's Statement On Default

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August 3, 2015 STATEMENT FROM GOVERNMENT DEVELOPMENT BANK PRESIDENT MELBA ACOSTA FEBO ON THE SERVICE OF PUBLIC FINANCE CORPORATION (PF...

Puerto Rico has triggered the biggest municipal default in US history

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Ambrose Evans-Pritchard Business Insider / The Telegraph Puerto Rico has triggered the biggest municipal default in ...
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Monday, August 3, 2015

Puerto Rico News Digest For August 3, 2015

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PR PUBLIC FINANCE CORP DEFAULTS  From Bloomberg : A Puerto Rico agency is poised to default Monday, initiating a cl...
Tuesday, July 28, 2015

Puerto Rico Unable to Make August Debt Payback

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TeleSur The Caribbean island owes US$73 billion to creditors. Analysts warn the  crisis in Puerto Rico could be worse t...

Hedge funds tell Puerto Rico: lay off teachers and close schools to pay us back

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Report commissioned by 34 hedge funds says government had been ‘massively  overspending on education’ despite spending only 79% of US aver...
Tuesday, June 30, 2015

Governor Creates Debt Work Group

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From News Is My Business : Puerto Rico Gov. Alejandro García-Padilla announced Monday a multi-pronged plan to addr...
Thursday, May 7, 2015

Government Furloughs Expected As Bond Deadline Nears

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Bloomberg Michelle Kaske Representative Rafael Hernandez, chairman of the House Treasury Committee. Time is runnin...