Puerto Rico bondholders relent on recovery hopes

摘要

A few words from US President Donald Trump last week stripped away any expectation that holders of Puerto rico's general obligation bonds would still see a recovery of 50 cents or more on the dollar. The cash-strapped island's 2035 8% bonds traded down to 32 cents on the dollar last Wednesday, down 12.5 points from the previous day after Trump said the debt had to be wiped out.