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Puerto Rico and the US are in discussions to restructure the island’s debt
Wednesday, October 14, 2015 17:34
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(Reuters) – Puerto Rico and U.S. officials are discussing the issue of a “superbond” to help restructure the commonwealth's $72 billion debt, the Wall Street Journal reported, citing people familiar with the plan.
The superbond, which will be administered by the U.S. Treasury Department, would be issued to existing Puerto Rico bondholders in exchange for outstanding debt at a negotiated ratio, according to the report …. http://www.businessinsider.com
Source: http://luismmx.blogspot.com/2015/10/puerto-rico-and-us-are-in-discussions.html
