Haircuts on Debt
World Economy

Haircuts on Debt

Puerto Rico presented a plan to creditors that asks them to take a deep discount on their debt–an aggregate around 45%, two sources familiar with the situation said, Reuters reported. The plan would see four tranches of bonds exchanged into two new bonds with different structures. Haircuts on the debt would differ according to which bonds are being exchanged and would reflect the current trading of those bonds, the sources said, with general obligation bonds getting the best treatment, followed by COFINA bonds, subordinated COFINA bonds and then other bonds which are supported by tax revenues.


Short URL : http://goo.gl/s7jOkX
  1. http://goo.gl/s4oEFs
  • http://goo.gl/mD9wzn
  • http://goo.gl/XRw7L5
  • http://goo.gl/sOjXJk
  • http://goo.gl/W8ptJT

You can also read ...

World Stocks Stumble as US Yields Near 3% Barrier
World stocks slipped on Monday as investors braced for a...
Asean: Reconciling Consensus With New Realities
Asean’s rapid expansion in the 1990s further deepened...
Germany’s industrial production, exports and retail sales declined in the first quarter, signaling that growth had slowed down.
The outlook for business activity in Germany’s private sector...
Slightly weaker data on industrial production, retail sales and construction suggest the eurozone is going through a period of slightly lower economic growth  in the first months of 2018.
When will the European Central Bank join the US Federal...
Truth and Transparency Key to Rebuilding Trust
The International Monetary Fund welcomed calls from the US...
Angola Growth Revised Upwards
Angola’s economy is expected to grow by 2.2% this year and 2.4...
Malta Gov’t Surplus Hits 3.9% of GDP
Malta’s headline economic figures continue to flourish with...
Gold Prices at   Two-Week Low
Gold hit a two-week low on Monday, as investors piled into the...