Puerto Rico to Default on $37 Million of Payments Due Jan. 1

Updated on
  • $35.9 million Infrastructure Financing payment to be skipped
  • $1.4 million Public Finance Corp. debt will not be paid

Puerto Rico Will Miss Two Bond Payments

Puerto Rico will default on about $37 million in bond payments due Jan. 1 and divert revenue to make others, escalating a conflict with investors as Governor Alejandro Garcia Padilla seeks to restructure a $70 billion debt burden.

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