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San Juan, Puerto Rico's $121 million deal called a success
['Southeast Reporter', 'Southeast Reporterrobert Slavin Covers Municipal Finance In The Southeast Region', 'Including Puerto Rico', 'The U.S. Virgin Islands. He Is An...', 'Senior Reporter', 'Buy-Side Specialist', 'Northeast Reporter', 'Staff Writer']
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Old and new building and the Caribbean in San Juan.
Bloomberg NewsDespite Puerto Rico's history of bond defaults over the last 10 years, the city of San Juan successfully sold $121 million of bonds.
Processing ContentRBC Capital Markets priced for San Juan, Puerto Rico, (Baa3//BBB+/) $121.05 million of GOs.
Since Tuesday there have been block sized trades on Puerto Rico bonds at substantially lower yields, FAFAA added.
The city of San Juan didn't immediately respond to a request for a comment.