(Bloomberg) Puerto Rico will default on about $37 million in bond payments due Jan. 1 and divert revenue to make others, escalating a conflict with investors as Governor Alejandro Garcia Padilla seeks to restructure a $70 billion debt burden. The amount is a fraction ofthe almost $1 billion in interest due at the start of the year….
Puerto Rico to Default on $37 Million of Payments Due Jan. 1
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