In a reverse Dutch Auction, Puerto Rico would offer to buy back debt from creditors at a low price, incrementally increasing it until finding sellers.
Salon(May 24, 2016)
A Dutch auction would maximize income for the country.
New York Times(Jul 20, 2015)
Before you scoff at the "Dutch auction" that appears to be underway, manifestos do have some weight, at least in parliamentary terms.
BBC(Apr 17, 2015)