Roch gets approval for bond swap

Roch gets approval for bond swap

Bonds Debt Fixed Income Argentina Capital Markets Oil Gas Coronavirus Corporate & Sovereign Strategy

Argentine oil producer Roch said late Monday it received more than 95% acceptance from its bondholders to restructure three defaulted notes for new ones maturing in 2027, gaining it time to return to growth. The new notes are denominated in US dollars and pay 6.5% interest, the Buenos Aires-based company said in a securities filing. The company had offered the option to exchange two of the dollar-denominated notes in default — one paid 9.65% interest and another 14% — for a peso-denominated note

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