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Mashantuckets likely to default on key payment

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The Mashantucket Pequot Tribal Nation expects to default next month on the balance of a bond interest payment that was due Monday.In a statement, the tribe said it had paid about two-thirds of a $21.25 million payment, triggering a 30-day grace period in which it could pay the rest. It said, however, that it does not "currently anticipate" paying the balance within the grace period, meaning it will be in default as of Dec. 16.

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