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COFINA payment

Q

In “Puerto Rico: Unable or Unwilling?” you mentioned COFINA bonds, which I own. Payment is due Aug. 1 and I noted the revenue for those bonds was fully collected by year-end 2014. Can we expect timely payment?

C.G., New Hampshire

A

James A. Klotz responds:

Although anything can happen with this situation, we believe the August payment will be made for the sales tax bonds.

Jul 20, 2015

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