Argentine power generators complete bond swap

Argentine power generators complete bond swap

Corporate & Sovereign Strategy Bonds Debt Fixed Income Electricity Latin America South America Argentina

Argentine power generation companies Generación Mediterranea and Central Térmica Roca said they jointly sold $40 million in two series of two-year bonds in the local market to refinance short-term debts. The new notes mature in March 2023, the companies said in a securities filing late Tuesday, longer than the old notes that mature as soon as this year. The companies received the most demand for the UVA41.9 million ($32.3 million) in inflation-linked notes that priced at a 4.6%. UVAs are a unit

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