Edenor Launches Exchange

Edenor Launches Exchange

Argentina Bonds

Argentina’s Edenor has launched a liability management exchange designed to term out maturity on its dollar bonds 5 years and lower its service costs, and also plans to sell additional new bonds. The electric distributor is offering cash or longer bonds to holders of its outstanding 10.5% of 2017 bonds in an offer expiring November 1. Holders can elect to receive new 9.75% of 2022 bonds, at rate of $1,030 principal per $1,000.00 tendered, plus a $70.90 cash bonus if done by October 15, or at $1,

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