11 de abril de 2014 / 19:42 / hace 3 años

Puerto Rico bonds sink as commonwealth hires restructuring lawyers

NEW YORK, April 11 (Reuters) - Prices of Puerto Rico's newly issued $3.5 billion debt sank in heavy trade late on Friday, the end of a week when the economically stressed U.S. commonwealth hired additional teams of debt restructuring lawyers.

The debt lately traded at a low of around 86.25 cents on the dollar, pushing the yield to 9.518 percent, according to Municipal Market Data. Traded volume was over $134 million, according to MMD. (Reporting by Edward Krudy; Editing by James Dalgleish)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below