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D-day for Cofina plan

Puerto Rico seeks for endorsement to the plan of its most important debt

20 de noviembre de 2018 - 11:09 AM

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Court confirmation of the plan should be a major step forward on the island's path to reviving its economy and re-accessing the capital markets at the right time. (GFR Media)
Court confirmation of the plan should be a major step forward on the island's path to reviving its economy and re-accessing the capital markets at the right time. (GFR Media)

Today, Puerto Rico will face one of the most important hearings since PROMESA Title III cases started: Judge Laura Taylor Swain will examine the Board´s disclosure statement on the Sales Tax Financing Corporation (Cofina, Spanish acronym) debt.

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