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Monday, February 1, 2016

Puerto Rico proposes 46 percent debt cut in creditor plan

Puerto Rico proposes 46 percent debt cut in creditor plan
Feb 1 (Reuters) - Puerto Rico on Monday announced it had made an exchange offer to financial creditors to reduce a $49.2 billion chunk of its debt by about 46 percent, to $26.5 billion. The plan, the opening salvo in the U.S. Commonwealth's efforts to ...

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