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Puerto Rico to Slash Bond Debt in New Restructuring Pact

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Puerto Rico to Slash Bond Debt in New Restructuring Pact

Whereas the deal cuts the island’s debt extra deeply than the earlier settlement, it’s supported by homeowners of greater than $11.7 billion of debt, together with bond insurers, Aurelius Capital Administration, BlackRock Monetary Administration Inc., Davidson Kempner Capital Administration and GoldenTree Asset Administration.

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