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prima:PREPA bondholders reject the $3 billion settlement offer

The group maintains that the Financial Oversight Board is “ignoring” its rights, while the Board reiterates that it is not possible to pay more

July 15, 2026 - 9:47 AM

In a statement sent to this newspaper, the bondholders criticized the Board’s $3 billion settlement offer, which it submitted on June 1, formally rejecting the proposal. (Xavier Araújo)

A group of bondholders of the Puerto Rico Electric Power Authority (PREPA) said Tuesday that the Financial Oversight and Management Board (FOMB) is seeking to bring the public utility’s bankruptcy to an end while ignoring their rights and what they argue is the utility’s ability to pay.

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