THE PUERTO RICO OVER­SIGHT BOARD

The Bond Buyer - - Front Page -

is seek­ing to in­val­i­date Puerto Rico gov­ern­ment rent pay­ments made to the Puerto Rico Pub­lic Build­ings Au­thor­ity, which sup­port the au­thor­ity’s roughly $4 bil­lion in out­stand­ing bonds. Suc­cess in this en­deavor would im­pact both the au­thor­ity’s bonds and the fi­nances of the many Puerto Rico gov­ern­ment en­ti­ties that pay rent to the PBA.

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