Officials this week will begin a transition process in anticipation of Puerto Rico governor-elect Luis Fortuño taking office on Jan. 1, with a planned bond deal backed by delinquent tax receipts topping the list of financing issues that the new administration will need to take on.

Luis Alfaro, vice president and financing director at the Government Development Bank for Puerto Rico, said it would not sell the bonds before the end of the year. Goldman, Sachs & Co and Citi are the bankers structuring the deal with the GDB, according to Alfaro.

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