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Puerto Rico defaults on bond payment, pays fraction of US$58m

Wednesday, August 5, 2015 - 05:50

New York

PUERTO Rico has defaulted on its debt by paying only a fraction of what was due on bonds due on Aug 1, showing the depth of the island's economic and cashflow problems and potentially opening the door to litigation.

The Commonwealth paid only US$628,000 of a US$58 million

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