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Finra Says It’s Examining Trading in New Puerto Rico Bonds

The Financial Industry Regulatory Authority said it’s examining trading in the $3.5 billion of general-obligations that Puerto Rico sold this month.

The self-governing U.S. territory sold the debt March 11, in the biggest-ever high-yield offering for the $3.7 trillion municipal market. The issue gave the island, which was cut to junk last month, enough cash to pay bills through June 2015, as officials try to revive a shrinking economy.