Puerto Rico Bank, and Its New President, Eying $3B This Year

Cataldo, Adam L.
February 2005
Bond Buyer;2/4/2005, Vol. 351 Issue 32064, p4
Trade Publication
This article reports on Puerto Rico Bank's strategic planning. With its new leader at the helm and an ambitious list of projects queued up, the Government Development Bank of Puerto Rico may issue more than $3 billion, of debt this year. "It's going to be over $3 billion at this point, but it's under review for all of them," said William Lockwood, who took over this week as bank president. Lockwood said he plans to work with the bank's underwriting firms to determine how best to market its debt in terms of timing, size, and structure.


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