August 13, 2019 |
Argentine telecom repurchases $34m in 2021 notes, far from the $250m target
Telecom Argentina said it has wrapped a bond buyback and agreed to repurchase $34.1m in 6.5% 2021 notes, far short of the $250m target.
The telecommunications company had received $30.4m in 2021 notes by the early deadline on July 23, so it extended the final deadline to August 9 from August 6. It offered the same terms — $997.50 for every $1,000 in principal — but bondholders only tendered another $3.77m in outstanding notes, Telecom said in a statement.