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Governor: Puerto Rico to default on $37M in interest due

December 30, 2015

Governor: Puerto Rico to default on $37M in interest due
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SAN JUAN, Puerto Rico (AP) — Puerto Rico’s governor announced Wednesday that the U.S. territory will meet $594 million in bond payments due next week but will still default on $37 million in interest. Gov. Alejandro Garcia Padilla said the payment includes $329 million in general obligation bonds. However, he warned there is no money available for future payments including $400 million due in May in bonds issued by the Government Development…

Governor: Puerto Rico to default on M in interest due

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Source: http://www.sxm-talks.com/dutch-caribbean/governor-puerto-rico-to-default-on-37m-in-interest-due/

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