Transener Tops 50% in Bond Exchange

Transener Tops 50% in Bond Exchange

Argentina Mexico Bonds

Argentine utility Transener saw a 56.6% participation rate in its offer to exchange or repurchase its outstanding 2016 bonds. In an operation that expired Tuesday, holders representing $47.4m of the bonds agreed to exchange the exiting debt for new 2021 notes, and holders of another $21.8m swapped their bonds for cash. Investors were allowed to exchange outstanding 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 Ju

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