Transener Eyes Tuesday Pricing on New 2021

Transener Eyes Tuesday Pricing on New 2021

Argentina Bonds

Argentine utility Transener is looking to price a new 2021 as soon as today, as it looks issue new debt as part of a debt exchange and buyback of its existing 2016. Books closed yesterday, and the borrower is offering to pay a nominal annual rate of 9.75% on the up to $148.6m issue of 2021s. Investors can exchange the existing bonds for the new 2021s par for par, and receive an extra $30 for each $1,000 if tenders were submitted by the early bird date of July 25. Alternatively, they can cash in

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