Puerto Rican Debt Investors Could Take 50% HaircutMark Melin
The clock is ticking on Puerto Rican debt restructuring, with a February deadline looming and the potential for variable investor haircuts – potentially as high as 50% to 60% -- being considered, according to a source involved in the negotiations. The silver lining for investors may be the issuance of GDP-linked bonds that provide investors a higher return correlated to the island’s economic success.
A February deadline looms on Puerto Rican debt
With nearly $70 billion in government debt, Puerto Rico, an unincorporated . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.