Puerto Rico bonds yield 8.727 pct in single 2035 maturity

March 11 Tue Mar 11, 2014 10:18am EDT

March 11 (Reuters) - Underwriters on Tuesday priced $3.5 billion of Puerto Rico general obligation bonds with an approximate yield of 8.727 percent in a single 2035 maturity with an 8 percent coupon.

The pricing scale for the bond issue released by underwriters indicated that the deal was nearly done as the commonwealth had given its verbal award.