This Tuesday, a $33 billion cut on central government obligations is set to go into effect. This is the result of five years of litigation and negotiations that will become a future benchmark for the U.S. municipal market.
This Tuesday, a $33 billion cut on central government obligations is set to go into effect. This is the result of five years of litigation and negotiations that will become a future benchmark for the U.S. municipal market.
March 15, 2022 - 6:44 PM
When this Tuesday, the syndicate of investment banks led by JP Morgan closes the bond exchange that will restructure the central government’s obligations, Puerto Rico’s bankruptcy process will become a benchmark in the U.S. municipal debt market, said David Skeel, chairman of the Oversight Board.
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