, Columnist
Two Puerto Ricos on Display in Newest Bond Deal
The island’s oversight board reached a critical agreement with bondholders. The governor rejected it, but does it matter?
Talk is probably cheap.
Photographer: Xavier Garcia/Bloomberg
This article is for subscribers only.
Puerto Rico’s almost four-year bankruptcy has always been difficult to follow. On Tuesday, something happened that could potentially signal the beginning of the end of this saga that has spanned devastating hurricanes, the Covid-19 pandemic and legal challenges that reached the U.S. Supreme Court.
But you might not have known it at first from reading some headlines.