WebFeb 18, 2024 · Puerto Rico’s government is exploring refinancing its Puerto Rico Sales Tax Finance Corporation’s bonds, also known as COFINA bonds, a move some say could allow the commonwealth to see cost... WebThe Puerto Rico Fiscal Agency and Financial Advisory Authority, or AAFAF, is exploring refinancing a portion of the $12 billion in outstanding restructured COFINA bonds and has circulated a request for proposals related to a potential transaction among a group of investment banks that AAFAF has qualified through its most recent RFQ process in …
Court strikes down final COFINA restructuring challenge
WebAug 4, 2024 · Several parties tried to alter an 18-month-old Puerto Rico Sales Tax Restructuring Corp. (COFINA) bond deal in a U.S. Court of … WebMay 18, 2012 · It is no surprise, then, that Cofina bonds comprise a significant share of the municipal bond market, $16 billion, or some 0.55 percent of the $2.9 trillion U.S. municipal bond market. But that ... new high maintenance season
CERTIFIED COFINA FISCAL PLAN, CERTIFIED COFINA …
WebThe Series 2024B-2 Bonds were issued as four maturities of CIBs. On June 10, 2024, COFINA invited holders of the Series 2024A-2 Bonds and the Series 2024B-2 Bonds (the “Invited Bonds”) to exchange their bonds for tax-exempt bonds of the same maturity and principal amount by with a reduced interest rate. Effective August 1, 2024, holders of ... WebMar 15, 2024 · COFINA lawsuit may have meaning for PREPA bondholders. A suit by subordinate Puerto Rico Sales Tax Finance Corp. (COFINA) bondholders may have … WebMay 30, 2024 · In addition to this latest halt, Swain has decided to wait to resolve two other disputes, including whether COFINA is in default on the $17 billion of debt that is its responsibility and if general obligation bondholders are entitled to receive sales-tax receipts that are backing COFINAs as payment. new high mart