TGN Clinches Exchange

TGN Clinches Exchange

Argentina Bonds

Transportadora de Gas del Norte has received acceptance from holders representing $304m, or 88%, of holders of outstanding debt targeted in an exchange offer, it says, just barely meeting the minimum it had set. The Argentine gas pipeline operator launched the offer last month seeking to exchange any and all of its $141m outstanding in 9.52% 2012 bonds and $204m outstanding in 9.45% 2012 bonds for new bonds and cash. Accepting holders received, for each $1,000 principal, $494.20 in new 2019 step

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial