After placing two borrowing deals on ice to ride out illiquidity in the municipal market, Puerto Rico is looking to price $1 billion of short-term debt next week and plans on bringing another $400 million of bonds to market at the end of November.

Current plans call for Wachovia Bank NA to kick off on Nov. 6 the $1 billion tax and revenue anticipation note deal with a one-day retail order period. This will be the first time the commonwealth designates a retail-order period within its annual Tran deal. Officials postponed the short-term sale in early October due to market turmoil.

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