SAN JUAN, Puerto Rico, March 21, 2017 /PRNewswire/ -- Today, a Local Coalition of General Obligation Bondholders expressed their appreciation for Governor Ricardo Rossello's commitment to upholding the Puerto Rican Constitution by pledging to negotiate with constitutionally-protected GO bondholders toward a solution that will protect their rights and put Puerto Rico on a path toward growth and prosperity.
"I am proud of Governor Rossello for putting the best interest of Puerto Rico and regular Puerto Rican retirees, like myself, above special interests," said Rosa Bermudez, a Puerto Rican retiree and General Obligation bondholder. "Many seniors are invested in General Obligation bonds, which have been protected by our Constitution for far longer than COFINA has even existed. We must uphold our Constitution if we are to rebuild Puerto Rico."
"I am a 70 year old retiree that relies on my GO bonds to support my retirement. But COFINA is taking our money and devastated our retirement by an increase in IVU to support COFINA," said Puerto Rican retiree Teresa Garcia. "We, the Puerto Ricans retirees, deserve our money. Now, it's time to take back what rightfully belongs to Puerto Rico, and end the COFINA scam!"
This Local Coalition of General Obligation Bondholders is comprised of individual Puerto Rican savers and retirees who have invested in GO bonds and are seeking a resolution to the Puerto Rican debt crisis which respects their legal rights. The group is represented by Sheila Anglero, a Puerto Rican media consultant.
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SOURCE A Local Coalition of General Obligation Bondholders