Bryan named four directors to rum-tax bond securitization corporation board

Gov. Albert Bryan Jr. on Feb. 25, 2022, named four financial managers to serve with him on the board of the Matching Fund Special Purpose Securitization Corporation, a public entity created to manage the refinancing of the Virgin Islands' rum tax cover-over bonds.

According to Government House, Act No. 8540 authorized the government to create the corporation to manage the sale and refinancing of the bonds at lower interest rates.

The administration said the corporation was established as an independent public corporation with a legal existence separate from the government. Its stated purpose is to issue bonds for purposes specified in Act 8540 and use matching fund revenues from rum cover-over receipts to repay them.

The four appointees were Michelle Dreyer, managing director of CSC Global Financial Markets; Pamela Jasinski, vice president of Special Purpose Vehicle Management at CSC Global Financial Markets; Kristine Eppes, team leader of the Independent Director Group at CSC Global Financial Markets; and Sheila Robinson, chief financial officer for New York State Homes and Community Renewal.

Official source: https://www.vi.gov/administration-clears-next-step-in-bond-securitization-process/