April 19, 2013

Investors Flip for Puerto Rico’s Debt Offering

Hedge Funds Among Leading Buyers of Island’s $3.5 Billion Muni Deal The hottest destination for debt investors is a place many viewed as toxic just months ago: Puerto Rico.Prices on the U.S. territory’s bonds surged as much as 7.5% in heavy trading Wednesday, a day after hedge funds, mutual funds […]