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A step forward in Cofina plan

Judge Laura Taylor Swain approved the Board’s disclosure statement, laying the groundwork to vote on the first adjustment plan under Title III

21 de noviembre de 2018 - 1:12 PM

Archival note
This content was published more than 6 years ago.
Judge Laura Taylor Swain. (GFR Media)
Judge Laura Taylor Swain. (GFR Media)

Yesterday, the Oversight Board scored an important victory in renegotiating the island's debt when Judge Laura Taylor Swain concluded that the federal entity offered sufficient information to Cofina bondholders, in order to seek approval to cut 28 percent of about $ 16.7 billion in bonds.

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