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10 June 2009

Cuba running short of cash...rolls over bonds.

More indications of a serious cash crunch in Raul Castro's "new, improved Cuba."

Cuba has rolled over bonds valued at $200 MILLION euros...due this past May...asking bondholders to wait ANOTHER year for repayment.

http://miamiherald.typepad.com/cuban_colada/2009/06/short-of-cash-cuba-rolls-over-bond-issue.html
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Labels: bonds, Cuba, euros, rollover
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