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Puerto Rico Bond Losses Are Priced In, OppenheimerFunds CEO Says

TedTed
in The Bullpen
FYI: The trading prices of Puerto Rico bonds largely account for the losses investors will take when the island restructures its $70 billion debt, said Art Steinmetz, the chairman and chief executive officer of OppenheimerFunds Inc., a major holder of the island’s securities.
Regards,
Ted
https://www.bloomberg.com/news/articles/2017-04-17/puerto-rico-bond-losses-are-priced-in-oppenheimerfunds-ceo-says
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