COFINA Launches New Investor Relations Website · 2020. 8. 25. · PO Box 42001 • San Juan, PR...
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PO Box 42001 • San Juan, PR 00940-2001 • Telephone (787) 722-2525 Tuesday, October 29, 2019 COFINA Launches New Investor Relations Website (San Juan, P.R) Today the Puerto Rico Sales Tax Financing Corporation (the “Corporation” or “COFINA,” by its Spanish acronym) announced it has launched an investor relations website, www.cofina.pr.gov, to assist the Corporation in increasing transparency to investors with respect to those certain Puerto Rico Sales Tax Financing Corporation Restructured Sales Tax Bonds, Series 2019A and Puerto Rico Sales Tax Financing Corporation Restructured Sales Tax Bonds, Series 2019B (together, the “COFINA Bonds”) issued in connection with the Third Amended Title III Plan of Adjustment of Puerto Rico Sales Tax Financing Corporation dated January 9, 2019 (the “Plan of Adjustment”) and authorized under Act 91-2006, as amended (the “Puerto Rico Sales Tax Financing Corporation Act”). The Corporation is one of the first Puerto Rico governmental entities to fully restructure its legacy debt and establish an independent board of directors and operations, but, with the publication of the FY2017 and FY2018 audited financial statements, it has become one of the first issuers in the Commonwealth of Puerto Rico to become current with the publication of its audited financial statements. “Under the guidance of the Corporation’s independent board, the Corporation launches the new investor relations site as part of its ongoing efforts to improve investor engagement, as well as provide an additional level of transparency and disclosure for the Corporation’s bondholders and potential investors,” commented Mr. Mohammad Yassin, COFINA’s Executive Director. “The new platform, www.cofina.pr.gov, is a corporate-style investor relations site featuring substantial data and documentation detailing the credit fundamentals behind the COFINA Bonds and the Corporation’s strong credit profile,” added COFINA board member Mr. Daniel Heimowitz. The platform is powered by BondLink, a Boston-based financial technology company that provides investor outreach solutions to issuers in the $4 trillion municipal bond market. Investors of all sizes, from large institutions to small, retail buyers will enjoy free access to information on the easy-to-navigate website. The platform’s tools make credit surveillance simpler for investors, who can register for alerts as documents and sales are added.
Transcript of COFINA Launches New Investor Relations Website · 2020. 8. 25. · PO Box 42001 • San Juan, PR...
PO Box 42001 • San Juan, PR 00940-2001 • Telephone (787) 722-2525
Tuesday, October 29, 2019
COFINA Launches New Investor Relations Website
(San Juan, P.R) Today the Puerto Rico Sales Tax Financing Corporation (the “Corporation”
or “COFINA,” by its Spanish acronym) announced it has launched an investor relations
website, www.cofina.pr.gov, to assist the Corporation in increasing transparency to investors
with respect to those certain Puerto Rico Sales Tax Financing Corporation Restructured Sales
Tax Bonds, Series 2019A and Puerto Rico Sales Tax Financing Corporation Restructured Sales
Tax Bonds, Series 2019B (together, the “COFINA Bonds”) issued in connection with the Third
Amended Title III Plan of Adjustment of Puerto Rico Sales Tax Financing Corporation dated
January 9, 2019 (the “Plan of Adjustment”) and authorized under Act 91-2006, as amended
(the “Puerto Rico Sales Tax Financing Corporation Act”). The Corporation is one of the first
Puerto Rico governmental entities to fully restructure its legacy debt and establish an
independent board of directors and operations, but, with the publication of the FY2017 and
FY2018 audited financial statements, it has become one of the first issuers in the
Commonwealth of Puerto Rico to become current with the publication of its audited financial
statements. “Under the guidance of the Corporation’s independent board, the Corporation
launches the new investor relations site as part of its ongoing efforts to improve investor
engagement, as well as provide an additional level of transparency and disclosure for the
Corporation’s bondholders and potential investors,” commented Mr. Mohammad Yassin,
COFINA’s Executive Director.
“The new platform, www.cofina.pr.gov, is a corporate-style investor relations site featuring
substantial data and documentation detailing the credit fundamentals behind the COFINA
Bonds and the Corporation’s strong credit profile,” added COFINA board member Mr. Daniel
Heimowitz. The platform is powered by BondLink, a Boston-based financial technology
company that provides investor outreach solutions to issuers in the $4 trillion municipal bond
market.
Investors of all sizes, from large institutions to small, retail buyers will enjoy free access to
information on the easy-to-navigate website. The platform’s tools make credit surveillance
simpler for investors, who can register for alerts as documents and sales are added.
PO Box 42001 • San Juan, PR 00940-2001 • Telephone (787) 722-2525
About BondLink
BondLink helps issuers in the $4 trillion municipal bond market attract more investors
through better disclosure and enhanced technology. BondLink enables institutional investors
to automate their credit surveillance of an issuer like the Corporation, and makes it easier for
smaller investors, including individuals, to participate in public bond sales.
Since going live in 2016, BondLink has been powering the investor outreach of top issuers in
nearly every state and every sector of the bond market. For more information on BondLink,
please visit www.bondlink.com.
Forward-Looking Statements
This press release includes forward-looking statements, which include, but are not limited to,
expectations with respect to the COFINA Bonds. The Puerto Rico Fiscal Agency and Financial
Advisory Authority (“AAFAF”) and COFINA cannot provide assurances that the future
developments affecting AAFAF, COFINA, or the bonds will be as anticipated. Actual results may
differ materially from those expectations due to a variety of factors. Any forward-looking
statement made in this release speaks only as of the date hereof and AAFAF and COFINA do
not undertake any obligation to publicly update any forward-looking statement, whether as a
result of new information, future developments or otherwise.
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Contact:
Iván Caraballo
Fiscal Agency and Financial Advisory Authority
Tel: (787) 379-8023
Email: [email protected]
PO Box 42001 • San Juan, PR 00940-2001 • Teléfono (787) 722-2525
martes, 29 de octubre de 2018
COFINA lanza nuevo portal cibernético para potenciar relaciones con inversionistas
(San Juan, Puerto Rico) - La Corporación del Fondo de Interés Apremiante de Puerto Rico (la “Corporación” o “COFINA”) anunció hoy el lanzamiento de una página web para relaciones con inversionistas (www.cofina.pr.gov) que ayudará a la Corporación a reforzar la transparencia con sus inversionistas respecto a ciertos bonos restructurados de rentas del impuesto sobre ventas y uso Series 2019A y 2019B (Puerto Rico Sales Tax Financing Corporation Restructured Sales Tax Bonds, Series 2019A and Puerto Rico Sales Tax Financing Corporation Restructured Sales Tax Bonds, Series 2019B) (conjuntamente, los “Bonos de COFINA”) emitidos en relación con el Tercer Plan de Ajuste Enmendado al amparo del Título III de la Corporación del Fondo de Interés Apremiante de 9 de enero de 2019 (el “Plan de Ajuste”) y autorizados conforme a la Ley 91-2006, según enmendada (la “Ley de la Corporación del Fondo de Interés Apremiante”). La Corporación es una de las primeras entidades gubernamentales de Puerto Rico en restructurar su deuda existente y establecer una junta de directores y operaciones independientes. Además, con la publicación de sus estados financieros auditados para los años fiscales 2017-18 y 2018-19, se ha convertido en uno de los primeros emisores del Gobierno de Puerto Rico en ponerse al día con sus estados financieros auditados. “Bajo la dirección de su junta independiente, la Corporación está lanzando un nuevo portal cibernético para inversionistas como parte de los esfuerzos en curso para mejorar las relaciones con los inversionistas, así como proveer un nivel adicional de transparencia y divulgación a los bonistas y los potenciales inversionistas de COFINA”, expresó Mohammad Yassin, Director Ejecutivo de COFINA. “La nueva plataforma, www.cofina.pr.gov, es un sitio web al estilo corporativo para relaciones con inversionistas que presenta información y documentación sustancial sobre los detalles esenciales de los Bonos de COFINA, así como el robusto perfil del crédito de la Corporación”, añadió Daniel Heimowitz, miembro de la Junta de COFINA.
PO Box 42001 • San Juan, PR 00940-2001 • Teléfono (787) 722-2525
La plataforma está potenciada por BondLink, una compañía de tecnología financiera con sede en Boston que provee soluciones de comunicaciones con inversionistas a emisores en el mercado de bonos municipales de $4 trillones. Inversionistas de diferentes escalas, desde grandes instituciones hasta pequeños compradores al detal, disfrutarán de acceso gratuito a la información en esta página web fácil de navegar. Las herramientas de la plataforma simplifican la vigilancia de los créditos por parte de los inversionistas, quienes pueden registrarse para recibir notificaciones cuando se publiquen documentos y ventas. Sobre BondLink BondLink ayuda a los emisores en el mercado de bonos municipales de $4 trillones a atraer más inversionistas mediante una mejor divulgación y una mejor tecnología. BondLink permite a los inversionistas institucionales automatizar la vigilancia de los créditos de un emisor como la Corporación y les facilita a los inversionistas más pequeños, incluyendo los individuales, participar en las ventas públicas de bonos. Desde sus inicios en 2016, BondLink ha estado impulsando las comunicaciones con los inversionistas de los principales emisores en casi todos los estados y en todos los sectores del mercado de bonos. Para más información acerca de BondLink, visite www.bondlink.com. Declaraciones prospectivas Este comunicado de prensa contiene declaraciones prospectivas que incluyen, pero no se limitan a expectativas en relación con los Bonos de COFINA. La Autoridad de Asesoría Financiera y Agencia Fiscal de Puerto Rico (“AAFAF”) y COFINA no pueden garantizar que acontecimientos futuros que afecten a la AAFAF, COFINA o los bonos resulten tal como se espera. Los resultados reales pueden diferir significativamente de dichas expectativas debido a una variedad de factores. Cualquier declaración prospectiva incluida en este comunicado se refiere únicamente a la fecha de este comunicado y la AAFAF y COFINA no asumen ninguna obligación de actualizar públicamente ninguna declaración prospectiva, ya sea que resulte de información nueva, acontecimientos futuros o de otro tipo.
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