Puerto Rico Agency Fails to Make September Interest Payment

Updated on
  • Public Finance Corp. misses $4 million payment to bondholders
  • Interest payment skipped as recovery plan expected next week

Puerto Rico’s Public Finance Corp., which in August became the commonwealth’s first debt issuer to default on its obligations, failed to pay bondholders an additional $4 million of interest due Sept. 1.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.