Klotz on Bonds:
News and perspectives from the president of FMSbonds:
Reluctant to take stock winnings off the table because of the tax bite? If you’re a municipal bond investor, a solution may be at hand.
A significant group of bondholders opposed to a restructuring agreement for Puerto Rico’s Cofina debt have now signed onto the deal.
The government of Puerto Rico, its fiscal oversight board and creditors are moving toward agreement on a significant chunk of its bond debt.