Bahamas Power and Light (BPL) has been engaged with its rate reduction bond advisor for one month, the company’s Chairman Dr. Donovan Moxey said Sunday, as BPL charts the way forward towards restructuring its debt.

Moxey explained that Citibank, as the company’s advisor on its restructuring, has been for the past month leading BPL through the processes involved in the restructuring exercise.

BPL hopes to restructure $311 million in debt by the end of the year.

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