Puerto Rico Proposes Plan to Delay Its Debt Payments to Free Up Cash
Puerto Rican officials, meeting with creditors on Friday, proposed a broad debt exchange program meant to ease the island’s painful cash crisis by slowing down the payments it owes on its $72 billion debt. But as much as the plan had a financial purpose ...
Exclusive: Puerto Rico creditors asked to take 45 percent cut on debt - sources
The plan would see four tranches of bonds exchanged into two new bonds with different structures. Haircuts on the debt would differ according to which bonds are being exchanged and would reflect the current trading of those bonds, the sources said, with ...
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