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Puerto Rico oversight board ‘appreciates’ offer of creditor support - Reuters

Puerto Rico’s federally appointed financial oversight board said on Wednesday that it “appreciated the expression of support from creditors” of the island’s bankrupt power utility, after those creditors earlier offered a $1 billion loan and a discount on a portion of existing debt.  The board will “carefully consider” those proposals, Natalie Jaresko, the board’s executive director, said in a statement.  “We are moving with a great sense of urgency to assess the island’s immediate rebuilding and longer-term needs for transforming the electricity sector.”

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