Edenor Closes Tender

Edenor Closes Tender

Argentina

Argentina’s Edenor says it received $123.9m (83.3%) of its outstanding 10.5% 2017 bonds from the market through the repurchase and exchange offers that closed Monday. The Argentine electric distributor received acceptance from holders of $33.6m for direct repurchase, and $90.3m in exchange for new 9.75% of 2022s. The offer is funded in part by the October 15 sale of an additional $140m of the new B2/B minus 9.75% 2022 NC8 bonds, which priced at par. In the tender launched October 3, Edenor

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