InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,127.79
(
1.26%
)
US TECH 100
17,446.00
(
2.17%
)
Dow Jones
38,675.68
(
1.18%
)
Brent Oil
82.77
(
0.00%
)
Bitcoin
63,797.90
(
-0.15%
)
Post# of 11618
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

richierichstl

Send PM Follow Ignore
Followers 4
Posts 480
Boards Moderated 0
Alias Born 04/07/2012

richierichstl

Re: DennyCrane550 post# 7986

Thursday, 04/06/2017 7:28:40 PM

Thursday, April 06, 2017 7:28:40 PM

Post# of 11618

Great stuff, PREPA deal looks like

Syncora
relends 40m, 42m but pays self some of that at high int rate (no face loss)
takes $7.5m hit in the future/over time (15% of ~$50m 2025-2027s)

doesn't have to wrap new bonds - gets out

MBIA, Assured wrap bunch of new exg bonds etc

i sent around some highlights/research


Great news, to get PREPA off the plate.

Syncora should be adjusting and releasing the reserve over time and esp after July 2017 payment Puerto Rico timeline



Awesome info and news! Thanks a ton for your DD Denny!
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up