AGP Executive Report
Last update: an hour agoPuerto Rico Infrastructure & Finance: San Juan pulled off a $121.05M bond sale, pricing $111.48M in tax-exempt Series A GOs and $9.58M in taxable Series B, with the tax-exempt portion reported as 18x oversubscribed—an important signal for investor appetite despite the territory’s past defaults. Airport & Demand: Luis Muñoz Marín International handled 1.31M passengers in July, down 5.1% year over year, with both domestic and international traffic contributing to the decline. Water Crisis Response: With drought forcing water rationing in San Juan and other cities, a South Florida firm is sending about 100 water-making systems to help generate water from the air. Energy & Grid Funding: The U.S. granted a $490M loan tied to 220 MW of battery capacity in Puerto Rico, while DOE also closed a $489M loan to support the island’s grid. Business & Expansion: Tommy’s Express named new franchise development directors for Canada and Europe, noting Puerto Rico as its newest market. Local Economy & Tourism: Ponce mayor welcomed a $30M Hilton renovation aimed at boosting tourism and local spending.
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