CGC offers to swap more bonds

CGC offers to swap more bonds

Corporate & Sovereign Strategy Bonds Debt Fixed Income Argentina Oil

Argentine oil company Compañía General de Combustibles (CGC) has offered to exchange up to $40 million in 9.5% 2025 notes for outstanding bonds that mature in November this year, it said in a statement on Thursday. CGC has $93.4 million in outstanding 9.5% 2021 bonds that come due in November. It previously swapped $207 million in 2021 bonds, or 68.9% of the outstanding amount, for 2025 notes in September last year. Bondholders that agree to the exchange by the early deadline on September 29 wil

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