Puerto Rico chose Barclays and RBC Capital Markets to underwrite its bond sales in the rest of the year, after secondary market yields for its debt soared to double digits.

Puerto Rico will sell between $500 million and $1.2 billion in bonds by January, depending on market conditions, Treasury Secretary Melba Acosta Febo and Government Development Bank interim president José Pagán Beauchamp said in announcing the underwriters Thursday. Puerto Rico will only sell COFINA bonds this year, they said. COFINA bonds are backed by Puerto Rico’s sales tax and have the highest ratings of the commonwealth’s bonds.

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