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Monolines wary of Prepa restructuring

机译:Monolines警惕Prepa重组

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Puerto Rico's troubled power utility has moved one step closer to restructuring its US$8bn debt stack, after finalising the details of a provisional deal struck with bondholders and lenders in September. But the restructuring could yet be derailed by monoline insurers that insured more than US$2bn of PUERTO RICO POWER AUTHORITY's bonds. The insurers were noticeably absent from talks, and their advisers say their months-old objections have yet to be addressed. "We are not on board," said one adviser. "They can't do the deal without us and we are not on board."
机译:波多黎各陷入困境的电力公司在完成9月份与债券持有人和贷方达成的临时交易的细节敲定之后,向重组其80亿美元的债务栈迈出了一步。但是,单线保险公司可能仍未能进行重组,这些保险公司为PUERTO RICO POWER AUTHORITY的债券提供了超过20亿美元的保险。保险公司显然没有参加谈判,他们的顾问说他们几个月来的反对意见尚未得到解决。一位顾问说:“我们不在船上。” “没有我们,他们将无法达成协议,我们也不会加入。”

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