Governor: Puerto Rico to default on $37M in interest due

SAN JUAN, Puerto Rico (AP) — Puerto Rico’s governor announced Wednesday that the U.S. territory will meet $594 million in bond payments due next week but will still default on $37 million in interest. Gov. Alejandro Garcia Padilla said the payment includes $329 million in general obligation bonds. However, he warned there is no money available for future payments including $400 million due in May in bonds issued by the Government Development…

Source: Dutch Caribbean News Governor: Puerto Rico to default on M in interest due