Puerto Rico, U.S. in discussions to restructure island's debt: WSJ
(Reuters) - Puerto Rico and U.S. officials are discussing the issue of a "superbond" to help restructure the commonwealth's $72 billion debt, the Wall Street Journal reported, citing people familiar with the plan. The superbond, which will be administered by the U.S. Treasury Department, would be issued to existing Puerto Rico bondholders in exchange for outstanding debt at a negotiated ratio, according to the report. Under the plan, the U.S treasury would administer an account holding
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