Masher Targets Duration Via Sw

Masher Targets Duration Via Sw

Argentina

Argentina’s Mastellone Hermanos is offering a swap to holders of more than $200m of its bonds as it looks to extend maturities. According to regulatory filings, the parent company of dairy producer La Serenisima is set to offer up to $252m in new instruments at discounts of 90.2%-96.1%, plus cash, to equal the original principal amount. It is offering 6 new series of bonds due 2015 and 2018, in exchange for 6 series of existing bonds with maturities out to 2013. The new 2015 debt will pay Libor

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