Puerto Rico's oversight board strikes $35 billion restructuring deal with commonwealth's bondholders

The agreement, which is on the framework for the plan of adjustment, provide for more than a 60% average haircut for all $35 billion, a 36% haircut on pre-2012 general obligation or "GO" bonds, and a 27% haircut on public authority bonds that carry a constitutional guarantee on payment.

from Finance https://cnb.cx/2x0oHmM
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