News Story

The Puerto Rico Sales Tax Financing Corporation (“COFINA”, for its Spanish acronym) is issuing an Request for Proposals (the “RFP”) to select a qualified bond counsel firm to provide bond counsel services in the ordinary course of business and in any future refunding transaction of COFINA’s bonds.

COFINA is not actively pursuing any refunding transaction, and any future refunding transaction would be subject to, among other things, market conditions.

As part of this process, COFINA is requesting quotes from law firms for the role of bond counsel to perform related tasks, including, but not limited to:

1. All legal services and duties customarily performed by bond counsel with respect to municipal securities;

2. Assist in the legal aspects of structuring any financing, including interpretation and application of state and federal laws and tax regulations pertaining to debt; and

3. Provide legal advice on the treatment of bonds for federal tax matters and all matters related to applicable federal tax exemptions.

Proposals are due no later than Wednesday March 15th, 2024 at 5:00 p.m. EST and should be submitted via emailto the following addresses: alejandro.camporreale@cofina.pr.govand juancarlos.batlle@ankura.com .