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Puerto Rico banks, monolines surge as PREPA and creditors cut deal

Sep. 02, 2015 11:29 AM ETOFG Bancorp (OFG) StockMBI, BPOP, FBP, AGO, OFG, AMBCBy: Stephen Alpher, SA News Editor2 Comments
  • The Puerto Rico Electric Power Authority and a group of creditors earlier reached a deal to keep which will keep the debt service payments coming, though the haircut on principal looks to be 15%.
  • OFG Bancorp (OFG +22.2%), First Bancorp (FBP +9.8%), Popular (BPOP +5.9%)
  • MBIA (MBI +13.6%), Assured Guaranty (AGO +4.5%), Ambac (AMBC +3.1%)

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