Aug
29
New Puerto Rico Bond Group Starts Negotiations
ByFunds holding about $1.9 billion in general obligation bonds split from a rival group in a bid to further broader restructuring efforts
Investment funds owning about $1.9 billion of Puerto Rico’s general obligation bonds have formed a committee to negotiate a consensual restructuring with the commonwealth and the federal oversight board that manages its finances, people familiar with the matter said.
Members of the committee are seeking to differentiate themselves from a pre-existing group of general obligation bondholders that includes Aurelius Capital Management LP, which is fighting the board and the island’s government in ongoing litigation, the people…
New Puerto Rico Bond Group Starts Negotiations
