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Puerto Rico files for bankruptcy: announces huge, historic debt restructuring

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https://sigforum.com/eve/forums/a/tpc/f/320601935/m/4980096324

May 04, 2017, 06:33 PM
P210
Puerto Rico files for bankruptcy: announces huge, historic debt restructuring
Ouch! Guess I'll be hearing from my broker soon with bad news about a bond I'm holding.
May 04, 2017, 08:52 PM
Aglifter
Sounds like its time to force independence on them.
May 05, 2017, 01:58 AM
PD
quote:
Originally posted by P210:
Ouch! Guess I'll be hearing from my broker soon with bad news about a bond I'm holding.


Is the bond insured? If so, you have nothing to worry about. The big problem is for the junk bond holders. Oh! And the insurerers of the insured bonds. They started getting smacked around last year.