GDB Debt Recovery Authority
The GDB Debt Recovery Authority (the “DRA”) is a statutory public trust and governmental instrumentality created pursuant to Act 109-2017, as amended. The DRA was created for the purpose of issuing bonds secured by certain assets transferred to the DRA by Government Development Bank for Puerto Rico (“GDB”). Outstanding notes and deposits of GDB were exchanged for DRA bonds in a debt restructuring transaction implemented pursuant to Title VI of PROMESA in 2018.