EMTA Special Seminar: Puerto Rico Debt Crisis and Its Significance for Other Municipal Markets Puerto Rico Debt Crisis and Its Significance for Other Municipal Markets
EMTA Special Seminar: Puerto Rico Debt Crisis and Its Significance for Other Municipal Markets (NYC) - Feb. 18


EMTA SPECIAL SEMINAR: PUERTO RICO DEBT CRISIS
AND ITS SIGNIFICANCE FOR OTHER MUNICIPAL MARKETS

Thursday, February 18, 2015

EMTA
360 Madison Avenue, 17th Floor
(on 45th St. between Madison and 5th Aves.)
New York City


How Puerto Rico manages its debt crisis will be a case study for other cities and states that face spending, budget and debt problems.  It is yet to be seen how the government will handle upcoming debt payments, but the implications of its decision goes well beyond the local economy.  A federal or territorial means of abrogating General Obligation bonds at the municipal level will increase risk premium, raise borrowing costs and potentially destabilize other municipal markets.  This panel will explore the existing challenges for the government of Puerto Rico, the role of the federal government in its crisis, and the substantial threat of its decisions to the national municipal bond market, to the ability of states to borrow, and to retirement accounts for millions of pensioners.

11:45 a.m. Registration

12:00 noon – 2:00 p.m. Panel Discussion
Arturo Porzecanski (American University) – Moderator
Hector Negroni (Fundamental Advisors LP)
Matthew McGill (Gibson, Dunn & Crutcher LLP)
Mark Muller (Loews Corporation)
Andrew Rosenberg (Paul, Weiss, Rifkind, Wharton & Garrison LLP)
George Carroll (GO Bondholder and Former Municipal Bond Market Professional) 

Lunch will be provided
 

 

Registration fee for EMTA Members US$95 / US$695 for non-members / Credentialed Media Complimentary. 

This Special Seminar is part of a continuing series of panels and presentations that EMTA is pleased to sponsor on various topics of interest to Emerging Markets investors and other market participants, and is part of EMTA’s Legal & Compliance Seminars*.

*CLE credit will be available for NY attorneys.  This seminar is non-transitional and appropriate for experienced attorneys only.  Please click here for details on EMTA’s Financial Hardship Policy.  

Online registration for this event is now closed. If you wish to register, please contact Aviva Werner (awerner@emta.org).