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Refinancing its debt, Puerto Rico sells $246M in short-term bond notes backed by new oil tax | Fox News Latino

Puerto Rico’s government said Tuesday that it has sold $246 million in bond anticipation notes to refinance part of its 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 Highways and Transportation Authority, one of several heavily indebted public corporations in the U.S. territory.

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