Medanito negotiates bond swap

Medanito negotiates bond swap

Corporate & Sovereign Strategy Bonds Debt Fixed Income Equity M&A Oil Gas Electricity Coronavirus Latin America South America Argentina

Argentina's Medanito said it has started negotiations with bondholders to restructure a $20 million bond that it defaulted on more than a year ago as it faces demands to repay an $80 million syndicated loan. The oil and natural gas producer asked investors to swap outstanding 9.87% bonds for shares in a trust, according to a securities filing. Medanito will put its main assets into the trust and file for regulatory approval to list it publicly. The proposed bond swap marks Medanito's latest effo

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