Among the demands of the Board is that banks as well as uninsured bondholders, also face a 15% cut in debt and the creation of a "turbo bond" aimed to pay the debt with creditors more quickly, that is in 30 years. (Archive/GFR)

Washington - The Oversight Board in charge of public finances in Puerto Rico renewed negotiations with the creditors of the Puerto Rico Electric Power Authority (PREPA) yesterday, in order to avoid the restructuring of debt of that corporation debt going to the new Territorial Bankruptcy Court.


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