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Deal reached to cut Puerto Rico bond debt, pensions a sticking point

FEBRUARY 24, 2021 | by Reuters Staff | REUTERS

Includes “… Under the agreement, owners of $18.8 billion of general obligation (GO) and Public Building Authority (PBA) debt would receive a $7 billion cash payment and $7.4 billion in new bonds, as well as a capped share of the amount of sales tax revenue that exceeds 2020 fiscal plan projections.”

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