- Due to "turmoil in the global markets," Puerto Rico has decided not to go aheadwith a controversial proposal to borrow $750M for improvements to its water and sewer authority.
- The government seemed to have also decided it could not borrow the money at an affordable interest rate. Investors seemed taken aback by the move, which aimed to sell new bonds while telling the U.S. Supreme Court it had to restructure its old debt.
- Previously: Dearth of buyers for Puerto Rico debt offering (Aug. 21 2015)
- Previously: Puerto Rico to issue $750M in revenue bonds (Aug. 12 2015)
Thursday, August 27, 2015
Puerto Rico ditches sewer bonds
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