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Puerto Rico Lays Out the Welcome Mat After 5 Years of Bankruptcy

June 6, 2022, 11:00 AM

Mutual funds are pouring back into Puerto Rico debt, a notable comeback for the US commonwealth that’s exiting the biggest ever municipal bankruptcy after five years and that still struggles with an uncertain economy bled by population loss.

Island officials are trying to make sure investors don’t leave. Puerto Rico is hosting its first annual event for bond holders since before its bankruptcy in 2017, hoping to show that it’s put an end to the runaway deficits that drove it into ruin and locked it out of capital markets. Among its selling points: a sharply reduced debt load that’s ...