Transener Prints New 2021

Transener Prints New 2021

Argentina Bonds

Argentine utility Transener has priced its new 9.75% 2021 at 95.405 to yield 10.5%, helping it raise $53.1m in cash to help fund a buyback of its existing 2016s. At the same time, it has issued another $46.9m in new 2021s, which were exchanged existing debt. Investors were allowed to swap outstanding bonds for the new 2021s par for par, and receive an extra $30 for each $1,000 if tenders are submitted by the early bird date of July 25. Alternatively, they could cash in the existing bonds and rec

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