Site icon Virgin Islands Free Press

Puerto Rico Fails to Make Bond Payment, Pays Fraction of $58 Million


SAN JUAN — Puerto Rico failed to make the entirety of a payment on its Public Finance Corp bonds due Aug. 1, paying only $628,000 of a $58 million payment, the head of its Government Development Bank said in a statement on Monday. The missed payment will mark the first default by the commonwealth and shows the depth of…

Exit mobile version