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Default for the Long Haul
According to the AAFAF, payments to bondholders are suspended until January 2017
Archival note
This content was published more than 9 years ago.
9 de julio de 2016 - 8:47 AM
If you are a Puerto Rico bondholder and you sincerely hope to collect what you are owed in the near future, get comfortable because the Fiscal Agency and Financial Advisory Authority (AAFAF, for its Spanish acronym) yesterday disclosed that the government has suspended the payment of any bond issued by 9 agencies, including general obligations (GOs).
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