CLISA launches debt swap

CLISA launches debt swap

Corporate & Sovereign Strategy Bonds Debt Fixed Income Latin America South America Argentina Coronavirus Credit Ratings Fitch Ratings

Argentine infrastructure company Compañía Latinoamericana de Infraestructura y Servicios (CLISA) said late Thursday that it has launched an offer to swap $332 million in outstanding 2023 9.5% international bonds for new notes maturing in 2027, a move designed to stretch out payments and reduce near-term financing costs as an economic crisis hits its revenue. The offer is to exchange the existing secured and unsecured 2023s for new secured notes that will pay a step-up interest rate starting at 4

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial