|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.3990 - 0.4450|
|52 Week Range||0.3990 - 0.7260|
|Beta (3Y Monthly)||1.89|
|PE Ratio (TTM)||6.54|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.69|
If you're interested in Cofina, SGPS, S.A. (ELI:CFN), then you might want to consider its beta (a measure of share...
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Puerto Rico's Sales Tax Financing Corporation, known as COFINA, issued $12 billion of new bonds on Tuesday as a federal court-approved deal between the bankrupt U.S. commonwealth and its creditors took effect, according to island officials. The plan of adjustment approved by U.S. District Court Judge Laura Taylor Swain on Feb. 4 restructures about $17 billion of sales tax-backed debt, leaving senior bondholders to recover 93 percent of their original investment, while junior bondholders recover only 56 percent. The island, which is trying to restructure about $120 billion of debt and pension liabilities through a form of municipal bankruptcy that Swain is overseeing, previously won court approval for a consensual deal with creditors over about $4 billion of debt related to its Government Development Bank (GDB).
A U.S. federal judge on Monday approved a plan to restructure $17 billion of debt from Puerto Rico's Sales Tax Financing Corporation, known as COFINA, marking the second deal between the bankrupt U.S. commonwealth and its creditors to win court approval. The island, which is trying to restructure about $120 billion of debt and pension liabilities, won court approval in November for a consensual deal with creditors over about $4 billion of debt related to its Government Development Bank (GDB).
Today we'll look at Cofina, SGPS, S.A. (ELI:CFN) and reflect on its potential as an investment. Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes Read More...
Some of the implicated debt, which was sold in 2014 largely to hedge funds, promptly plunged to as little as 45 cents on the dollar, the lowest in five months and down from 53.5 cents on Monday.Figuring out how much Puerto Rico’s full faith and credit pledge is worth has long been the biggest challenge facing the commonwealth as it seeks to make its unsustainable debt load more manageable. Holders of these securities have been locked in a bitter battle with other investors who own the island’s sales-tax debt, known by the Spanish acronym Cofina, over who has the top claim on the government’s money.
Puerto Rico will not obtain a clear picture of how soon it will finish restructuring the bulk of its public debt until the spring, a lawyer for the U.S. commonwealth’s federally appointed fiscal oversight board told a judge on Wednesday. It is also possible an adjustment plan could be imposed on creditors, a process known as a cramdown, the lawyer said. Puerto Rico has been in federal court since May 2017 trying to restructure roughly $120 billion in public debt and unfunded pension liabilities under a form of bankruptcy.