Puerto Rico Power Utility Plan to Cut Debt by 40%

Published on: Saturday 17 December 2022

(Bloomberg) -- Puerto Rico’s financial oversight board filed a plan to restructure about $9 billion of power utility debt after failing to reach a deal with bondholders, signaling the agency’s five-year bankruptcy will take even longer to resolve.Most Read from BloombergMusk Poll on Stepping Down as Twitter Chief Leans Toward YesTruth Is Reasserting Itself Over Trump’s LiesTrump Gets a 45-Day Extension to Provide Details on His Wealth to VotersHarry and Meghan Aren't Doing Themselves Any FavorsA

News source: https://nz.finance.yahoo.com/news/puerto-rico-power-utility-plan-173217684.html

Share this news on: Facebook Twitter

» Greece and Puerto Rico Won't Kill the Bull Market

» Harry Dent: ‘One More New Low‘ Before ‘Crash of a Lifetime’ Hits

» Should You Buy Bitcoin While It's Below $18,000?

» Puerto Rico Power Utility Plan to Cut Debt by 40%

HEADLINE NEWS

My Financial News from Puerto Rico, Bitcoin

Puerto Rico Power Utility Plan to Cut Debt by 40%