Governor: Puerto Rico to make $594M bond payment, default on $37M in interest

December 30, 2015 5:45 PM

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SAN JUAN, Puerto Rico – Puerto Rico's governor says the U.S. territory will make a $594 million bond payment due next week but default on $37 million in interest.

Gov. Alejandro Garcia Padilla said Wednesday that the payment includes $329 million in general obligation bonds. He said there is no money to make a $400 million payment in May in Government Development Bank bonds.

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