puerto rico bond trading and outstanding debt -...
TRANSCRIPT
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Puerto Rico Bond Trading and Outstanding Debt
Part I - Trading Activity by Issuer
Issuer
Issuer CUSIP
on EMMA
Jan - Dec 2017
Par Amount Traded
Jan - Dec 2017
Number of Trades
Puerto Rico Sales Tax Financing Corporation 74529J $20,183,578,500 41,826
745145
745144
745143
74514L
745268
74526Q
Puerto Rico Aqueduct and Sewer Authority 745160 $3,545,839,750 16,001
Puerto Rico Public Buildings Authority 745235 $3,444,114,000 22,166
Children's Trust 16876Q $3,110,740,000 1,372
Government Development Bank of Puerto Rico 745177 $2,979,298,025 5,872
745181
745185
745190
Employees Retirement System of the Government of the Commonwealth of Puerto Rico 29216M $2,497,504,000 3,382
74528U
745223
745220
Puerto Rico Public Finance Corporation 745291 $633,977,000 1,222
Puerto Rico Municipal Finance Agency 745277 $219,950,000 5,242
Puerto Rico Convention Center District Authority 745266 $196,645,000 3,885
74526L
74527A
University of Puerto Rico 914811 $125,464,000 3,109
Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority 745272 $72,789,500 1,192
Puerto Rico Industrial Development Company 745211 $52,925,000 516
Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority 74528N $43,150,000 821
Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority 74527B $39,381,000 340
Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority 74527E $32,175,000 235
745270
74527L
74527P
Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority 74527J $1,340,000 4
Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority 74527R $980,000 11
Puerto Rico Electric Power Authority $4,775,683,783 38,824
$8,870,000 104
$1,407,681,000 11,220
Puerto Rico Housing Finance Corporation
To assist investors and others seeking information on bonds issued by the Commonwealth of Puerto Rico and other issuers within the Commonwealth, the MSRB is
providing information on trade activity for issuers, pricing history for the most active securities as well as a current and historical depiction of the Commonwealths
public sector debt. Additional information on Commonwealth issuers and their securities is available on the MSRBs Electronic Municipal Market Access (EMMA)
website. Users can consult official statements on EMMA for more detailed information about the issuer, obligor and bond repayment terms. The MSRBs Education
Center provides helpful information about the municipal securities market, including the risks and considerations when buying and selling municipal securities.
List of all municipal bond issuers in the Commonwealth of Puerto Rico and trading information through December 2017, including issuer name, CUSIP numbers (with
direct links to additional information currently available on EMMA), par amount traded and number of trades.
Commonwealth of Puerto Rico $13,919,484,047 70,202
Puerto Rico Highways and Transportation Authority $2,822,170,500 37,618
Puerto Rico Infrastructure Financing Authority $180,030,000 2,035
Puerto Rico Infrastructure Financing Authority
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http://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=74529Jhttp://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=745145http://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=745144http://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=745143http://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=74514Lhttp://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=745268http://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=74526Qhttps://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=745160http://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=745235http://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=16876Qhttp://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=745177http://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=745181http://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=745185http://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=745190http://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=29216Mhttp://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=74528Uhttp://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=745223http://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=745220http://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=745291http://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=745277http://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=745266http://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=74526Lhttp://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=74527Ahttp://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=914811http://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=745211http://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=745272http://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=74527Bhttp://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=745270http://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=74527Lhttp://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=74527Phttps://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=74527Jhttps://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=74527J
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Puerto Rico Bond Trading and Outstanding Debt
Part II - Top 25 Most Actively Traded Securities
The following eight graphs illustrate price movements of the 25 most-traded securities through December 2017 based on the information provided in Part I.
Securities with similar pricing patterns are grouped together to illustrate the impact of the Commonwealths current financial difficulties on price levels.
$0
$20
$40
$60
$80
$100
$120
1/1/2014 7/20/2014 2/5/2015 8/24/2015 3/11/2016 9/27/2016 4/15/2017 11/1/2017
Pri
ce
Commonwealth of Puerto RicoInsured
74514LD20 74514LXG7
$0
$20
$40
$60
$80
$100
$120
1/1/2014 7/20/2014 2/5/2015 8/24/2015 3/11/2016 9/27/2016 4/15/2017 11/1/2017
Pri
ce
Commonwealth of Puerto RicoNon-Insured
74514LB63 74514LB89 74514LE86
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Puerto Rico Bond Trading and Outstanding Debt
$0
$20
$40
$60
$80
$100
$120
1/1/2014 7/20/2014 2/5/2015 8/24/2015 3/11/2016 9/27/2016 4/15/2017 11/1/2017
Pri
ce
Puerto Rico Aqueduct and Sewer Authority and Puerto Rico Convention Center District AuthorityInsured
745160QC8 745266BD7
$0
$10
$20
$30
$40
$50
$60
$70
$80
$90
1/1/2014 7/20/2014 2/5/2015 8/24/2015 3/11/2016 9/27/2016 4/15/2017 11/1/2017
Pri
ce
Puerto Rico Aqueduct and Sewer Authority and Puerto Rico Electric Power AuthorityNon-Insured
745160RC7 745160RR4 74526QKX9
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Puerto Rico Bond Trading and Outstanding Debt
$0
$20
$40
$60
$80
$100
$120
1/1/2014 7/20/2014 2/5/2015 8/24/2015 3/11/2016 9/27/2016 4/15/2017 11/1/2017
Pri
ce
Puerto Rico Highways and Transportation Authority
7451902B3 745190DH8 745190UP1 745190UQ9
$0
$10
$20
$30
$40
$50
$60
$70
1/1/2014 7/20/2014 2/5/2015 8/24/2015 3/11/2016 9/27/2016 4/15/2017 11/1/2017
Pri
ce
Puerto Rico Infrastructure Financing Authority
745220EZ2 745220JQ7
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Puerto Rico Bond Trading and Outstanding Debt
$0
$10
$20
$30
$40
$50
$60
$70
$80
1/1/2014 7/20/2014 2/5/2015 8/24/2015 3/11/2016 9/27/2016 4/15/2017 11/1/2017
Pri
ce
Puerto Rico Public Buildings Authority
745235R37
$0
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
1/1/2014 7/20/2014 2/5/2015 8/24/2015 3/11/2016 9/27/2016 4/15/2017 11/1/2017
Pri
ce
Puerto Rico Sales Tax Financing Corporation
74529JGP4 74529JHH1 74529JHL2 74529JHN8 74529JKJ3 74529JKK0 74529JKM6 74529JLM5
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Puerto Rico Bond Trading and Outstanding Debt
Part III - Current and Historical Debt Outstanding
Disclaimer
The overall size of the Commonwealths public sector debt continues to be examined and publicized. The following information illustrates the $69 billion public
sector outstanding debt as well as the existing debt levels over the past nine years.
The information and data in this document are provided without representations or warranties and on an as is basis. The MSRB hereby disclaims all representations and
warranties (express or implied), including, but not limited to, warranties of merchantability, non-infringement and fitness for a particular purpose. Neither the MSRB, nor any
supplier, shall in any way be liable to any recipient or user of the information and/or data, regardless of the cause or duration, including, but not limited to, any inaccuracies, errors,
omissions or other defects in the information and/or data or for any damages resulting therefrom. The information and data are not meant to be a full representation of Puerto
Ricos debt obligations, but to provide an aggregated list of issuers based on information/data readily available on EMMA. The MSRB has no obligation to update, modify or amend
information or data herein or to notify the reader if any is inaccurate or incomplete. This document was prepared for general informational purposes only, and it is not intended to
provide, and does not constitute, investment, tax, business, legal or other advice.
Commonwealth Taxes34%
Non-Tax-Supported Public Corporations18%
General Obligations17%
Commonwealth Appropriations15%
Tax-Supported Public Corporations8%
Municipal Indebtedness5%
Non-Recourse Indebtedness3%
Commonwealth of Puerto RicoPublic Sector Debt
As of July 31, 2016
Total: $69 billion
Source: Government Development Bank for Puerto Rico
0
10
20
30
40
50
60
70
80
Dec-08 Dec-09 Jun-11 Sep-11 Mar-13 Jun-13 Jul-14 Sep-15 Jul-16
$ B
illio
ns
Source: Government Development Bank for Puerto Rico
Commonwealth of Puerto RicoPublic Sector Debt
2008 - 2016
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