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Puerto Rico Oversight Board defends PREPA disclosure and plan

It says the plan of adjustment can treat bonds of National Public Finance Guarantee differently and let National vote in a different class.

Puerto ricoEl morroNational public financeAd hoc groupUs district courtPuerto rico electric power authorityUs bankPuerto rico oversight boardNational public finance guaranteeSan juanNational public finance guarantee insuredBond insurancePublic finance

Bondholders launch new attacks on PREPA plan and disclosure

The proposed plan's superior treatment of National Public Finance Guarantee-insured bonds is discriminatory and thus illegal, they allege.

Puerto ricoJohn muddLaura taylor swainTransportation authorityNational public financeAd hoc groupUs bank national associationUs district courtPuerto rico electric power authorityUs bankSyncora guaranteeNational associationPuerto rico oversight boardNational public finance guarantee insuredOversight boardNational public finance guarantee

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