ahlam1399
07-01-2015, 11:21 PM
UPDATE 2-Puerto Rico?s PREPA avoids default, makes $415 mln payment
July 1 (Reuters) - Puerto Rico's power authority, PREPA, avoided default on Wednesday by making a $415 million bond payment partly financed by insurers that backed the bonds, but creditors cautioned they would take legal action if restructuring negotiations with the utility over its $9 billion debt deteriorate.
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July 1 (Reuters) - Puerto Rico's power authority, PREPA, avoided default on Wednesday by making a $415 million bond payment partly financed by insurers that backed the bonds, but creditors cautioned they would take legal action if restructuring negotiations with the utility over its $9 billion debt deteriorate.
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