In dollars and cents, the Board proposal seeks to reduce the $35 billion of the Commonwealth-related bonds outstanding to less than $12 billion. (GFR Media)

The Oversight Board reached an agreement with the Lawful Constitutional Debt Coalition (LCDC), a group that brings together certain major creditors owning about $ 3 billion in General Obligation (GOs) and Public Buildings Authority (PBA) bonds, who would be paid 73 and 64 percent, respectively, of the principal invested.


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