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Government Development Bank for Puerto Rico Bankruptcy Case

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Government Development Bank for Puerto Rico

Case No. 18-01561 · Minnesota · Petition Date Aug 10, 2018

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Government Development Bank for Puerto Rico : Articles :: Law360

Case No.: 18-01561
Court: Minnesota
Judge: William J. Fisher
Petition Date: Aug 10, 2018
Industry: Financial Services

Government Development Bank for Puerto Rico is a public corporation and governmental instrumentality of the Commonwealth of Puerto Rico, established under Act No. 17-1948. It served as the primary depository of funds for the Commonwealth, its instrumentalities, public corporations, and municipalities, while acting as fiscal agent, paying agent, and financial advisor. GDB provided long-term and interim financing across Puerto Rico's public sector, functioning as the central financial intermediary between Puerto Rico's government and capital markets.