Puerto Rico Bonds Rally After Rossello Becomes the Next Governor
- General obligations trading at highest price in 17 months
- Pro-statehood Rossello may pay interest to bondholders
This article is for subscribers only.
Some Puerto Rico general obligations rallied to the highest price in nearly 17 months after the island elected New Progressive Party candidate Ricardo Rossello for governor, ushering in a change of power after the island defaulted on a growing share of its debt.