Puerto Rico talks with bondholders start badly

Puerto Rico’s negotiations with bondholders don’t appear off to a promising start. Less than a week after an initial meeting between creditors and the crisis-wracked Caribbean island, a lawyer for a group of hedge funds and other owners of Puerto Rico’s general-obligation bonds issued a statement criticizing Elias Sanchez, a top aide to Gov. Ricardo Rossello, for speaking publicly about the talks at a conference in San Juan. Sanchez said the government hasn’t made any restructuring offers to deb...

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