Puerto Rico governor signs GDB debt restructuring

Puerto Rico Gov. Ricardo Rosselló signed a negotiated debt restructuring deal for the Government Development Bank Thursday, affecting $4.1 billion in bond debt.
The deal offers three different bond restructurings that reduce principal by 25% to 45%. If it goes forward, bondholders would get to choose the restructuring deal for their bonds. The options with bigger principal reductions would offer bigger percent coupons and stronger security for repayment.
Puerto Rico governor signs GDB debt restructuring

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