Puerto Rico Public Financing Corporation
The Puerto Rico Public Finance Corporation (PFC) — es, Corporación para el Financiamiento Público de Puerto Rico (CFP)— is the government-owned corporation that issues bonds to finance the different agencies of the executive branch of the government of Puerto Rico. The corporation is a subsidiary of the Puerto Rico Government Development Bank The Government Development Bank for Puerto Rico (GDB) — es, Banco Gubernamental de Fomento para Puerto Rico (BGF)— is the government bond issuer, intragovernmental bank, fiscal agent, and financial advisor of the government of Puert .... See also * List of bonds issued by Puerto Rico References External links Overview of the PFC at the Government Development Bank {{authority control Finance in Puerto Rico Government-owned corporations of Puerto Rico Public debt of Puerto Rico ...
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San Juan, Puerto Rico
San Juan (, , ; Spanish for "Saint John") is the capital city and most populous municipality in the Commonwealth of Puerto Rico, an unincorporated territory of the United States. As of the 2020 census, it is the 57th-largest city under the jurisdiction of the United States, with a population of 342,259. San Juan was founded by Spanish colonists in 1521, who called it Ciudad de Puerto Rico ("City of Puerto Rico", Spanish for ''rich port city''). Puerto Rico's capital is the third oldest European-established capital city in the Americas, after Santo Domingo, in the Dominican Republic, founded in 1496, and Panama City, in Panama, founded in 1521, and is the oldest European-established city under United States sovereignty. Several historical buildings are located in San Juan; among the most notable are the city's former defensive forts, Fort San Felipe del Morro and Fort San Cristóbal, and La Fortaleza, the oldest executive mansion in continuous use in the Americas. Today, Sa ...
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Puerto Rico Public Financing Corporation Series E Bonds
Puerto, a Spanish word meaning ''seaport'', may refer to: Places *El Puerto de Santa María, Andalusia, Spain *Puerto, a seaport town in Cagayan de Oro City, Philippines *Puerto Colombia, Colombia *Puerto Cumarebo, Venezuela *Puerto Galera, Oriental Mindoro, Philippines * Puerto La Cruz, Venezuela *Puerto Píritu, Venezuela *Puerto Princesa, Palawan, Philippines *Puerto Rico, an unincorporated territory of the United States *Puerto Vallarta, Mexico Others * ''Puerto Rico'' (board game) *Operación Puerto doping case See also * * Puerta (other) Puerta refers to the old original gates of the Walled City of Intramuros in Manila. Puerta may also refer to: People * Antonio Puerta, Spanish footballer * Alonso José Puerta, Spanish politician * Lina Puerta, American artist *Mariano Puerta ...

Finance In Puerto Rico
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessment ...
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List Of Bonds Issued By Puerto Rico
Bonds issued by the government of Puerto Rico and its subdivisions are exempt from federal, state, and local taxes (so called "triple tax exemption"). However, unlike other triple tax exempt bonds, Puerto Rican bonds uphold such exemption regardless of where the bond holder resides. This has made Puerto Rican bonds extremely attractive to municipal investors as they may inure from holding a bond issued by a state or municipality different from the one where they reside. This advantage strives from the restriction typically imposed by municipal bonds enjoying triple tax exemption where such exemptions solely apply for bond holders that reside in the state or municipal subdivision that issues them. This factor, along with many others, led Puerto Rico to issue bonds up to today's outstanding debt of US$71 billion—an amount approximately equal to about 68% of Puerto Rico's gross domestic product (GDP). These actions, along with a series of negative cash flows and a depression, ulti ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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Executive Branch Of The Government Of Puerto Rico
The executive branch of the government of Puerto Rico is responsible for executing the laws of Puerto Rico, as well as causing them to be executed. Article IV of the Constitution of Puerto Rico vests the executive power on the Governor—whom by its nature forms the executive branch. The Constitution also establishes that the Secretary of State should serve as acting governor when the Governor is unable to perform his duties. The Secretary of State, therefore, performs an equivalent role to that of a Lieutenant Governor in United States politics. The Puerto Rico Chief of Staff is second-in-command and manages and oversees all executive departments and almost all executive agencies. Article IV also establishes that the Governor shall be assisted by Secretaries whom shall collectively constitute the Governor's advisory council and be designated as the '' Council of Secretaries''. The Council, together with the Cabinet-level officers, compose the Cabinet of Puerto Ric ...
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Government Bond
A government bond or sovereign bond is a form of bond issued by a government to support public spending. It generally includes a commitment to pay periodic interest, called coupon payments'','' and to repay the face value on the maturity date. For example, a bondholder invests $20,000, called face value or principal, into a 10-year government bond with a 10% annual coupon; the government would pay the bondholder 10% interest each year and repay the $20,000 original face value at the date of maturity (i.e. after 10 years). Government bonds can be denominated in a foreign currency or the government's domestic currency. Countries with less stable economies tend to denominate their bonds in the currency of a country with a more stable economy (i.e. a hard currency). When governments with less stable economies issue bonds, there is a possibility they will be unable to repay bondholders, resulting in a default. All bonds carry a default risk. International credit rating agencies p ...
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List Of Government-owned Corporations Of Puerto Rico
The government-owned corporations of Puerto Rico —or public corporations ( es, corporaciones públicas)— are a set of corporate entities owned entirely or in large part by the executive branch of the government of Puerto Rico or by its municipalities. The corporations engage in commercial activities with their revenues ultimately being allocated towards the government's treasury the Puerto Rico Consolidated Fund or towards the corresponding municipal treasury. Some of them have been criticized since their creation since they are not profitable and depend on the issue of bonds or large indebtedness to operate, or because they constitute a government monopoly or control a unique asset (such as a port, toll, or land). As of 2015, the public corporations contributed to more than half of the public debt of Puerto Rico —a factor that contributed significantly to the Puerto Rican government-debt crisis — with COFINA, PRASA, PRHTA, and PREPA being the largest ...
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Puerto Rico Public Financing Corporation Series D Bonds
Puerto, a Spanish word meaning ''seaport'', may refer to: Places *El Puerto de Santa María, Andalusia, Spain *Puerto, a seaport town in Cagayan de Oro City, Philippines *Puerto Colombia, Colombia *Puerto Cumarebo, Venezuela *Puerto Galera, Oriental Mindoro, Philippines * Puerto La Cruz, Venezuela *Puerto Píritu, Venezuela *Puerto Princesa, Palawan, Philippines *Puerto Rico, an unincorporated territory of the United States *Puerto Vallarta, Mexico Others * ''Puerto Rico'' (board game) *Operación Puerto doping case See also * * Puerta (other) Puerta refers to the old original gates of the Walled City of Intramuros in Manila. Puerta may also refer to: People * Antonio Puerta, Spanish footballer * Alonso José Puerta, Spanish politician * Lina Puerta, American artist *Mariano Puerta ...

Puerto Rico
Puerto Rico (; abbreviated PR; tnq, Boriken, ''Borinquen''), officially the Commonwealth of Puerto Rico ( es, link=yes, Estado Libre Asociado de Puerto Rico, lit=Free Associated State of Puerto Rico), is a Caribbean island and Unincorporated territories of the United States, unincorporated territory of the United States. It is located in the northeast Caribbean Sea, approximately southeast of Miami, Florida, between the Dominican Republic and the United States Virgin Islands, U.S. Virgin Islands, and includes the eponymous main island and several smaller islands, such as Isla de Mona, Mona, Culebra, Puerto Rico, Culebra, and Vieques, Puerto Rico, Vieques. It has roughly 3.2 million residents, and its Capital city, capital and Municipalities of Puerto Rico, most populous city is San Juan, Puerto Rico, San Juan. Spanish language, Spanish and English language, English are the official languages of the executive branch of government, though Spanish predominates. Puerto Rico ...
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Puerto Rico Public Financing Corporation Series C Bonds
Puerto, a Spanish word meaning ''seaport'', may refer to: Places *El Puerto de Santa María, Andalusia, Spain *Puerto, a seaport town in Cagayan de Oro City, Philippines *Puerto Colombia, Colombia *Puerto Cumarebo, Venezuela *Puerto Galera, Oriental Mindoro, Philippines * Puerto La Cruz, Venezuela *Puerto Píritu, Venezuela *Puerto Princesa, Palawan, Philippines *Puerto Rico, an unincorporated territory of the United States *Puerto Vallarta, Mexico Others * ''Puerto Rico'' (board game) *Operación Puerto doping case See also * * Puerta (other) Puerta refers to the old original gates of the Walled City of Intramuros in Manila. Puerta may also refer to: People *Antonio Puerta, Spanish footballer *Alonso José Puerta, Spanish politician *Lina Puerta, American artist *Mariano Puerta, Argent ...

Puerto Rico Public Financing Corporation Series B Bonds
Puerto, a Spanish word meaning ''seaport'', may refer to: Places *El Puerto de Santa María, Andalusia, Spain *Puerto, a seaport town in Cagayan de Oro City, Philippines *Puerto Colombia, Colombia *Puerto Cumarebo, Venezuela *Puerto Galera, Oriental Mindoro, Philippines * Puerto La Cruz, Venezuela *Puerto Píritu, Venezuela *Puerto Princesa, Palawan, Philippines *Puerto Rico, an unincorporated territory of the United States *Puerto Vallarta, Mexico Others * ''Puerto Rico'' (board game) *Operación Puerto doping case See also * * Puerta (other) Puerta refers to the old original gates of the Walled City of Intramuros in Manila. Puerta may also refer to: People *Antonio Puerta, Spanish footballer *Alonso José Puerta, Spanish politician *Lina Puerta, American artist *Mariano Puerta, Argent ...