Municipal Bond Forum
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?
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.
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