March 10, 2014 / 6:05 PM / 4 years ago

Puerto Rico eyes 8 pct coupon on $3 bln bond sale -market source

NEW YORK, March 10 (Reuters) - All $3 billion of Puerto Rico’s forthcoming general obligation bonds will be offered in a single 2035 term maturity with an 8 percent coupon, according to preliminary price talk wire obtained on Monday by Reuters.

Possible yields for the bonds, which are pricing on Tuesday, ranged from 8.625 percent to 8.875 percent, the wire indicated.

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