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Articles Posted in Puerto Rico CONFINA bonds

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Puerto Rico COFINA and PREPA Bonds May Give Rise to Investor Claims

On May 3, 2017, Puerto Rico filed for a form of bankruptcy protection pursuant to a federal law passed in 2016 known as Promesa, thereby allowing Puerto Rico to facilitate a debt restructuring process in court akin to U.S. bankruptcy protection. As recently reported in Barron’s, Puerto Rico’s bonds backed…

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