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Edenor asks to swap bonds

Edenor asks to swap bonds

April 14, 2022 | Charles Newbery
Argentine power distributor offers a cash premium to exchange 9.75% 2022 notes for new social bonds that mature in 2025

Corporate & Sovereign Strategy Bonds Debt Fixed Income ESG Social Bonds Electricity Argentina

Edenor, the biggest electricity distributor in Argentina, has launched an offer to swap international bonds that mature in October for new social bonds that come due in 2025. The company is offering to exchange the $98.1 million in 9.75% 2022 bonds for new notes with the same interest rate. The offer runs until May 9, Edenor said in a securities filing on Tuesday. The new notes are expected to give Edenor more time to pay back debt when access to foreign currencies is tight in Argentina. In Sept

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