Bondholders back Salta exchange offer

Bondholders back Salta exchange offer

Corporate & Sovereign Strategy Bonds Debt Fixed Income Funds Argentina US Capital Markets

Bondholders have overwhelmingly accepted an offer from the Argentine province of Salta to swap 9.125% bonds due in 2024 for new notes with a longer maturity and a lower coupon, the province said on Monday. Investors turned in $334 million in outstanding bonds, or 95.5% of the principal, by the deadline on February 19, Salta said in a statement. On February 6, when it announced changes to the original offer, the province said it needed consent from holders of 75% of the bonds. Salta added on Mond

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