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BlackRock, Nuveen Set to Exit Puerto Rico Utility’s Debt Deal

Markets

Michelle Kaske

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August 26, 2025

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Bloomberg

BlackRock Financial Management, Franklin Advisers and Nuveen Asset Management are among investors planning to end a deal that would cut the debt of Puerto Rico’s bankrupt power utility after the Trump administration this month fired all but one member of the board that oversees the island’s finances.

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