For bondholders sitting on Puerto Rican debt, Hurricane Maria may have come just when they needed it, just as a yearslong battle over the fate of the islands financial future was beginning to turn against them. Or, depending on how the politics shake out, they could see their entire bet go south. Ahead of Maria,…
Democrats are urging the White House and Congress to use the rebuilding of Puerto Rico after Hurricane Maria to address the U.S. territorys broader debt crisis. Senator Chuck Schumer, the partys leader in the Senate, said Puerto Rico needs a fair solution to deal with the $74 billion in debt that it was saddled with…
“This is not something a president should be doing or can do,” said Larry McDonald, head of the U.S. macro strategies at ACG Analytics. “It’s just noise, and it’s pretty far removed from reality.” “This is not a dictatorship. We have bankruptcy judges and the rule of law,” McDonald said. “But it is scaring the…
LoanGifting allows student debtors to connect with their extended network of friends, family and employers to help pay down student debt. This fintech solution allows payment to be made direct to a student debtor’s loan, streamlining the repayment process and providing greater relevance to loan holders than 401k contributions for those employed. For the millions…
President Donald Trumps visit to Puerto Rico on Tuesday showed a deep disconnect between his vision of the federal disaster response to the territorys devastation after Hurricane Maria and the reality being reported on the ground. Beyond his odd insistence that everything is going great, Trumps lecturing tone struck a nerve. He actually had the gall…
by Justin Sink President Donald Trump has suggested that the government debt accumulated by bankrupt Puerto Rico would need to be wiped clean to help the island recover from the devastation caused by Hurricane Maria. “We are going to work something out. We have to look at their whole debt structure,” Trump said in a…
Fresh from touring the devastation in Puerto Rico, President Trump on Tuesday said “we’re going to have to wipe out” the island’s crippling debt in order for the US territory to rebuild after Hurricane Maria. “You know they owe a lot of money to your friends at Wall Street and we’re going to have to…
US President Donald Trump has told struggling Puerto Ricans to be very proud of the relatively low death toll, while suggesting its recovery after devastating Hurricane Maria has put his budget a little out of whack. One of the first people Mr Trump met when he and his wife, Melania, touched down in San Juan on Tuesday…
Canadian debt issuance climbed 12 per cent to a record in the first nine months of 2017, helped by deals from Canada Housing Trust and a major maple bond from Apple Inc (AAPL.O), bucking a weak trend in M&A and equity deals as Canadian companies slowed the pace of their outbound dealmaking. Debt deal volumes…
By Giles Parkinson on 3 October 2017 The Clean Energy Finance Corporation (CEFC) says it has agreed to provide all the debt finance needs for what will be Victorias largest solar farm in a bid to accelerate the project, which it says will help bring stability and diversity to the states energy supply. The CEFC…