Puerto Rico to Meet Investors Monday as Debt Payments Loom
ByA top Puerto Rico finance official is set to meet on July 13 with bondholders as the commonwealth pushes to restructure its $72 billion of debt.
The meeting with Government Development Bank President Melba Acosta will start at 3 p.m. in Citigroup Inc.’s New York headquarters, said Todd Hagerman, head of investor relations in San Juan for the development bank, which handles the island’s debt transactions.
The gathering will focus on a report released last week by three former International Monetary Fund officials that said Puerto Rico is in a dire position because of high debt, unstable finances and a stagnant economy. Governor Alejandro Garcia Padilla on June 29 said he would seek to delay some debt payments for “a number of years.”…
Puerto Rico to Meet Investors Monday as Debt Payments Loom
