Edenor Tops 82% in Bond Tender

Edenor Tops 82% in Bond Tender

Argentina Bonds

Argentina’s Endenor says it has received $122.6m (82.5%) in outstanding 10.5% of 2017 bonds from the market, as of the October 15 early deadline for repurchase and exchange offers expiring at the end of the month. The Argentine electric distributor has received acceptance from holders of $32.3m for direct repurchase, and $90.3m in exchange for new 9.75% 2022 bonds. The offer is funded by the October 15 sale of an additional $140m of the new B2/B minus 9.75% 2022 NC8 bonds, which priced at par. I

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