Puerto Rico GDB Approves $741M Loan, $675M of GOs

Cataldo, Adam L.
May 2006
Bond Buyer;5/22/2006, Vol. 356 Issue 32386, p4
Trade Publication
The article reports that the Government Development Bank for Puerto Rico has approved a loan for the central government and the issuance of general obligation debt to fund the public works and infrastructure projects in the island. The bank will provide the money after the legislature approved the legislation authorizing the deal and a form of repayment. Repayment of the loan will come from the proceeds of the new sales tax.


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