Edenor adds time to bond swap

Edenor adds time to bond swap

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

Edenor, the largest electricity distributor in Argentina, has extended the early deadline for the proposed exchange of its 9.75% 2022 bonds for new social bonds that mature in 2025 after investors tendered just $58.4 million, or roughly 59% of the outstanding amount. Edenor has offered to pay $1,050 in new notes for every $1,000 in principal, or $1,040 if bondholders choose a cash payment, until May 9, giving investors more time to participate in the bond swap, it said in a press release on Frid

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