Edenor to issue social bonds in swap

Edenor to issue social bonds in swap

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Argentina Social Bonds Electricity

Edenor, the largest electricity distribution company in Argentina, said it will issue $52.7 million in 2025 social bonds on Thursday as part of an exchange for its 9.75% 2022 notes. Edenor has agreed to swap $71.8 million in 2022 bonds, or roughly 73% of the outstanding amount, for the newly issued 9.75% 2025 bonds and $19.1 million in cash, it said in a press release. Bondholders will receive $1,050 in 2025 bonds or $1,040 in cash for every $1,000 in 2022 bonds. Bank of America and BCP Securiti

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