The liquidity position of Puerto Rico's Government Development Bank (GDB), the financing arm of the U.S. commonwealth, rose $33 million to $1.23 billion in February, the GDB said in a statement late on Friday.
The rise was the second monthly increase after liquidity dropped 30 percent to $1.09 billion from November to December. Puerto Rico is attempting to arrange a bond deal of up to $2.95 billion by April to improve its liquidity position. (Reporting by Edward Krudy; Editing by Chizu Nomiyama)
Puerto Rico's government bank posts increased liquidity in February
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