Puerto Rico to price $4.3 billion in pension fund bonds Feb. 25

By Sheri Kasprzak

New York, Feb. 19 - Puerto Rico plans to price a long-awaited offering of $4.3 billion in bonds to boost pensions, a market observer confirmed Tuesday. The bonds will price Feb. 25.

The bonds (Baa3/BBB-) have a 50-year term, the insider said, and will help Puerto Rico's pension fund deficit.

No other details could be determined by press time Tuesday.

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