The terms of the proposal call for the island's creditors to exchange the debt they now hold for two new classes of bonds that would delay payments of principal and interest.
Puerto Rico Proposes Plan to Delay Its Debt Payments to Free Up Cash
The New York Times - 30 Jan 2016 04:16
The terms of the proposal call for the island's creditors to exchange the debt they now hold for two new classes of bonds that would delay payments of principal and interest.
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