From: "Jeffrey E." <jeevacation®gmail.com>
To: "Morris, Paul V"
Subject: Re: USVI Munis
Date: Fri, 05 Aug 2016 15:59:41 +0000
Inline-Images: image001.png
vi is not part of the pr deal
On Fri, Aug 5, 2016 at 11:57 AM, Morris, Paul V la wrote:
I'll check the yields, need to keep an eye on the PR situation, the way their restructuring is unfolding may tell
us a lot for similar situations (ie guam and vi). Both of these are covered under the current promesa bill, and
until there is a board in place in PR and it becomes clearer on how all the credits will shake out it is a very
touch and go market in all of these names. It ultimately comes down to how much faith you put into a
constitutional pledge or a secured lien, both of which have been called into question in PR (GO and
COFINA). With the vis trading in the high 90s and most pr gos in the —60s just want to be careful getting
exposed to a potentially similar situation.
From: Morris, Paul V
Sent: Thursday, August 04, 2016 1:49 PM
To:
Subject: FW: USVI Munis
Fyi, I can give you some color on USVI trades/levels/sentiment when you have a minute.
Citi brought a new Guam deal this am, just for an idea of pricing.
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