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Aurelius, Autonomy Facing Stiff Haircuts on Puerto Rico Debt
A new deal between other creditors and the Promesa board gives better terms to several other hedge funds.
Aurelius Capital Management and Autonomy Capital will be forced to take steep haircuts on their Puerto Rico general obligation bonds under a new restructuring agreement reached between creditors of other Puerto Rico debt and the board overseeing the restructuring.The oversight board created by the Puerto Rico Oversight, Management and Economic
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