CGC extends bond swap deadline

CGC extends bond swap deadline

Corporate & Sovereign Strategy Bonds Debt Fixed Income Argentina Capital Markets Gas Oil

Argentine oil and natural gas company Compañía General de Combustibles (CGC) said late Thursday that it has extended the expiration date for its offer to swap $8 million of the up to $40 million in 9.5% 2021 bonds for new 9.5% 2025 notes, a move that comes after few bids were made by the original deadline. Bondholders now have until October 28 to participate in the offer, which originally was to end last Thursday, according to a securities filing. CGC said it has not changed an of the terms and

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