Photographer: Barry Winiker/Getty Images

Puerto Rico Rally Hints at Acceptance of Wider Restructuring

Updated on
  • General Obligation debt trades at highest in two months
  • Main debt restructuring plan due to governor on Sept. 8

Puerto Rico bonds are suggesting that investors are coming to the conclusion that Governor Alejandro Garcia Padilla will succeed in extracting broader concessions from debt holders after the commonwealth reached a tentative agreement to restructure the electric utility’s obligations.

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