Puerto Rico's fragile economy is facing an uncertain future after the island's governor rejected a settlement announced late Sunday with bondholders … News. Puerto Rico is an unincorporated territory of the United States, located approximately 1,000 miles southeast of Miami. Puerto Rico's federally appointed financial oversight board announced a revised fiscal plan after coronavirus effects have reduced the island's surplus by 65 percent as it works to pay debts. If it succeeds, states struggling with pension costs might seek a similar option. The rates sheet below is only a sample of bonds available. The fight over Puerto Rico’s debt raises questions about how safe it is to buy the bonds of other financially troubled cities and states such as Chicago, Connecticut, New Jersey, and Illinois. They are listed by date. Puerto Rico Bondholders Reach Tentative Deal With Oversight Board Pact raises recovery for newer general obligation bonds, moving the U.S. territory closer to bankruptcy exit Please contact us for more information. December 1, 2020 admin Leave a Comment on Massive Puerto Rico telescope featured in James Bond movie collapses. A restructuring agreement for bondholders of debt issued by Puerto Rico's Sales Tax Financing Corp., known as COFINA, was approved Monday by the federal judge overseeing Puerto Rico… Stay on top of Puerto Rico latest developments on the ground with Al Jazeera’s fact-based news, exclusive video footage, photos and updated maps. A massive radio telescope at Puerto Rico’s Arecibo Observatory – one of the world’s largest – collapsed on Tuesday after sustaining severe … Muni News and Perspectives; Puerto Rico Pays GO Debt, Skips PRIFA Payments; Klotz on Bonds. Puerto Rico’s bankruptcy has always been messy, but years later, it seems just as chaotic, if not worse. The crisis began in 2014 when three major credit agencies downgraded several bond issues by Puerto Rico to "junk status" after the government was unable to demonstrate that it would be able to pay its debt. Puerto Rico Pays GO Debt, Skips PRIFA Payments . Usa Today News; Search for: Massive Puerto Rico telescope featured in James Bond movie collapses. Puerto Rico's federal control board is asking a court to invalidate over $6 billion worth of debt issued by the U.S. territory in clear violation of constitutionally set debt limits. Sept. 2017 Hurricane Maria hits Puerto Rico, and bond values plummet amid fears the island will never be able to pay its debt. Find everything about Puerto Rico municipal bonds. Assured Guaranty Ltd., in an Oct. 2 Assured Guaranty Ltd., in an Oct. 2 Track CUSIPs, learn about issuers and dive deep into every Puerto Rico municipal bond. Last June Puerto Rico’s Governor, Garcia Padilla, said his government was out of money and would have to default on some of the bonds issued by various government agencies. Tinkering Attempts Don’t Distract from Muni Market’s Core Role . Latest news and breaking news from Puerto Rico: Puerto Rico, officially the Commonwealth of Puerto Rico (Spanish: Estado Libre Asociado de Puerto Rico, lit. Ricardo Rossello said in a statement. Published Sun, Feb 9 2020 7:03 PM EST Updated Sun, Feb 9 … James A. Klotz. +1 (202) 335-3939. This photo provided by Aeromed shows the collapsed Radio Telescope in Arecibo, Puerto Rico. On November 3rd, 2020, voters in Puerto Rico chose statehood in a status referendum. By: Reuters | Updated: December 2, 2020 11:21:49 am This photo provided by Aeromed shows the … 11/25/2020 by James A. Klotz. News . Questions? Colorado Municipal Bonds Florida Municipal Bonds New York Municipal Bonds Oregon Municipal Bonds Texas Municipal Bonds Washington Municipal Bonds Municipal Puerto Rico Bond Rates. Puerto Rico Loans News Topics; Specialized News Sections on Puerto Rico Loans. However, unlike other triple tax exempt bonds, Puerto Rican bonds uphold such exemption regardless of where the bond holder resides. Analysis ‘Assured’ Uncertainty: Why First Circuit’s Decision Related to Puerto Rico’s Insolvency May Shake Up the Municipal Bond Market The Puerto Rican government-debt crisis is a financial crisis affecting the government of Puerto Rico. Puerto Rico paid interest due on its general obligation bonds but diverted cash set aside for its infrastructure bonds, a move insurers deemed as illegal. The already damaged radio telescope that has played … US politics. WASHINGTON – The Supreme Court decided Monday not to complicate Puerto Rico's struggles with massive debt and natural disaster by upending the … If you have any questions, please call us at 1-800-FMS-BOND (1-800-367-2663) or e-mail us. SHARES. Finance Industry Today. The deteriorating telescope's 900-ton instrument platform, suspended by cables 450 feet (137 meters) above a 1,000-foot-wide (305 meters) bowl-shaped reflector dish, fell on Tuesday morning, the U.S. National Science Foundation said. A weary Puerto Rico prepares for referendum, new leaders. Puerto Rico’s financial collapse led Congress to create a way for the territory to restructure its debt. "Puerto Rico has taken an important step toward its total financial recovery," Gov. Puerto Rico bankruptcy judge Laura Taylor Swain provided a victory to bond insurers in their fight against Puerto Rico bond underwriters at a Wednesday hearing. Puerto Rico policeman accused of theft while in uniform ABC News 18:16 17-Nov-20 Pandemic Déjà Vu Public Books 16:21 17-Nov-20 Puerto Rico Nutrition Benefit Cuts Risk Food Insecurity, Show Block Grant’s Limits Center on Budget and Policy Priorities 15:37 17-Nov-20 A record 5 parties field candidates for Puerto Rico governor. San Juan, Puerto Rico, Nov. 12, 2020 (GLOBE NEWSWIRE) -- (via Blockchain Wire) - Crypto Mondays, Dorado Genesis and the Act 20/22/60 Special Committee of the Puerto Rico Chamber of Commerce, today announced their first joint event, “THE FUTURE OF … Share Tweet. But the big news is that we have a new Agreement with Brevet to provide us with $100-million in capital with a $10-million draw for Puerto Rico.” (Click image to enlarge) About EHT EnerDynamic Hybrid Technologies is a Canadian-based company delivering leading-edge energy solutions. Bonds issued by the government of Puerto Rico and its subdivisions are exempt from federal, state, and local taxes (so called "triple tax exemption"). Set Up FREE Account Submit Release. Puerto Rico bondholders, oversight board strike $35 billion debt restructuring deal . Puerto Rico is preparing itself for Tropical Storm Dorian, which is projected to hit the island by Wednesday afternoon. As of November 16, there have been 76,094 confirmed COVID-19 cases and 935 resulting deaths in Puerto Rico, according to data from the New York Times. Muni Bonds News and Perspectives. Massive Puerto Rico telescope featured in James Bond movie collapses The telescope - which received radio waves from space - had been used by scientists around the world to hunt for possible signatures of extraterrestrial life, study distant planets and find potentially hazardous asteroids . These Muni Puerto Rico Bonds were updated on: February 19, 2019. 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