Puerto Rico is eyeing a potential refinancing of its sales-tax bonds, three years after the commonwealth slashed the size of the debt by more than $5 billion through bankruptcy.
JPMorgan Securities LLC, as lead deal manager, will steer any possible refunding, with BofA Securities, Inc., Barclays Capital Inc. and Morgan Stanley & Co., serving as co-senior managers, according to a filing posted to the Municipal Securities Rulemaking Board’s website on Friday. The group will evaluate a potential refinancing for all or a portion of Puerto Rico’s sales-tax bonds, called Cofinas.
Municipal-bond traders from all four firms spoke ...
