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Business briefs – THonline.com: Business

Puerto Rico sells $246 million in bond anticipation notes

SAN JUAN, Puerto Rico — Puerto Rico’s government has sold $246 million in bond anticipation notes to refinance part of a short-term debt and help generate more money for the financially strapped island.

The notes issued by Puerto Rico’s Infrastructure Financing Authority were bought by Canadian RBC Capital Markets as part of a deal aimed at rescuing the island’s Highway and Transportation Authority.

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