Clisa Extends Exchange

Clisa Extends Exchange

Argentina

Argentina’s Clisa has extended the deadline for its debt buyback offer to December 10 from November 30, it says. The infrastructure company had reached $90.90m (90.90%) acceptance of its offer to holders of $100.00m in outstanding 9.75% of 2012 bonds as of its November 23 early deadline. Holders exchanged the 2012 bonds for the 9.5% 2016s at a rate of $102 in new bonds for $100 principal before the early deadline, and can exchange at $101 after. In addition to the buyback, Clisa plans to sell ne

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