SAN JUAN/ NEW YORK, Aug 24- Potential buyers of bonds being sold by Puerto Rico's water authority, PRASA, want stronger protections in the event the agency becomes insolvent, people close to the matter said, as the island's government tries to assure investors it does not need restructuring. PRASA's $750 million bond sale, initially slated to price last week, has...» Read More
Aug 17- Puerto Rico is to conclude its presentation to investors regarding an upcoming sale of revenue bonds from its water authority PRASA later on Monday, the governor's chief of staff Victor Suarez told reporters. PRASA last week filed to sell $750 million in revenue bonds to fund various system improvements and refinance loans, according to an offering...
Aug 17- Puerto Rico's planned $750 million bond sale by its water authority, expected to hit the market this week, was rated' CC' and put on rating watch negative by Fitch Ratings Monday. The bond sale for the Puerto Rico Aqueduct& Sewer Authority, the biggest scheduled for this week, follows a failure by Puerto Rico to make a full payment due on bonds sold by its Public...
Aug 17- Puerto Rico is to conclude its presentation to investors regarding an upcoming sale of revenue bonds from its water authority PRASA later on Monday, the governor's chief of staff Victor Suarez told reporters. The governor's chief of staff Victor Suarez also said officials will meet on Monday to talk about the government's liquidity options and will...
The preliminary offering statement from the Puerto Rico Aqueduct and Sewer Authority, or PRASA, dated Aug. 10, came just days after Puerto Rico failed to make a full payment due on bonds sold by its Public Finance Corp. The partial payment is considered a default by its creditors and ratings agencies, the first ever by the U.S. territory. "It hurt them, and they're...
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