Tag: Virgin Islands’ Matching Fund Securitization Corp.

Senators Nix Governor’s Securitization Bill; Bryan Says Puerto Rico Is Floating A Similar Bond Scheme

CHARLOTTE AMALIE — Members of the 33rd Legislature convened in Special Session at the governor’s request on Tuesday and voted down Bill No. 33-0446- that would have created a “Matching Fund Securitization Corporation.”  “Once again, we are vetting the bill regarding the Matching Fund Securitization Corporation. There were three meetings previously held on August 25th, August […]

Governor Bryan Calls 33rd Legislature into Special Session To Act On 2nd Securitization Proposal

CHARLOTTE AMALIE — Governor Albert Bryan, Jr. has called the 33rd Legislature into a Special Session to take action on his proposal to reauthorize the Matching Fund Securitization, as well as to address two other legislative matters.   Bryan set the date for the session as December 3.   The governor’s proposal seeks to increase […]

Virgin Islands’ Matching Fund Securitization Corp. Seeking $1 Billion From The Financial Markets This Week

CHARLOTTE AMALIE — The Virgin Islands’ Matching Fund Securitization Corporation will seek to refinance nearly $1 billion in outstanding matching fund bonds this week. The Legislature approved the deal in a Special Session held Thursday night. Senators passed the bill on an eight-to-six vote. The Matching Fund Securitization Corporation is a special purpose, independent and […]