Puerto Rico prices $228 million tax-lien securitization deal, the largest ever

Resnick, Amy B.
March 1999
Bond Buyer;03/02/99, Vol. 327 Issue 30589, p3
Trade Publication
Discloses that Puerto Rico has completed its largest ever municipal tax-lien securitization. PaineWebber Inc.'s lead underwriting of the deal backed by delinquent property taxes; Provisions under the deal; Sale of the bonds in two series and to investors in the United States; Moody's Investors Service analysts' assessment of the deal.


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