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Cofina files for Title III

The entity owes some $17,880 million in main and subordinated bonds

6 de mayo de 2017 - 8:50 AM

Archival note
This content was published more than 7 years ago.
Even though Cofina owes $17,880 million in main and subordinated bonds, the petition filed by the OB merely indicates that the public corporation is interested in negotiating some $221 million in debts. (Archive / GFR Media)
Even though Cofina owes $17,880 million in main and subordinated bonds, the petition filed by the OB merely indicates that the public corporation is interested in negotiating some $221 million in debts. (Archive / GFR Media)

The Oversight Board (OB) last night filed a petition to apply Title III of PROMESA to the Puerto Rico Sales Tax Financing Corporation (Cofina, by its Spanish acronym).

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