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Bondholders Disclose $3 Billion of Puerto Rico Electricity Debt

  • OppenheimerFunds holds $948.7 million of Prepa bonds
  • Bondholder pool is seeking a receiver to operate power utility
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How Did Puerto Rico Go Bankrupt?

An ad hoc group of bondholders that manage $3 billion of Puerto Rico Electric Power Authority debt revealed in court documents how much of the utility’s bonds that each firm holds.

The release follows similar disclosures from bondholder groups owning Puerto Rico’s general obligations and its sales-tax debt and is part of the island’s bankruptcy process that began on May 3. The commonwealth is seeking to reduce $74 billion of debt sold by various agencies.