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Bondholders turn to Swain

They claim that the low management capacity goes against their interests

19 de julio de 2017 - 9:35 AM

Archival note
This content was published more than 7 years ago.
(Archivo / GFR Media)
(Archivo / GFR Media)

The lack of independence and of professional management as well as the reluctance of Ricardo Rosselló Nevares administration to endorse the Restructuring Support Agreement (RSA) that the governor sought to renegotiate are some of the reasons that the organized bondholders of the Puerto Rico Electric Power Authority (Ad Hoc-PREPA) and three municipal insurers presented before Judge Laura Taylor Swain when requesting a trustee for that public corporation and an increase in the electricity fare.

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