Edenor maxes out bond sale

Edenor maxes out bond sale

Bonds Debt Electricity Capital Markets Argentina

Edenor, the largest electricity distribution company in Argentina, said Wednesday that it maxed out the sale of $30 million in 26-month, US dollar-denominated bonds in the local market. The company had set out to raise at least $16 million, but it increased that amount as demand came in slightly higher than the maximum of the offer, according to a securities filing. The bullet bonds were sold at a price to pay 9.75%, Edenor said. The company said it will use the proceeds from the sale to finance

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