September 27, 2022 |
Edenor, the largest electricity distribution company in Argentina, has launched an offer to swap more international bonds that mature in October for 9.75% 2025 social bonds that it issued earlier this year.
Edenor is looking to exchange the remaining $26.2 million in 9.75% 2022 bonds and has put up $1,030 for every $1,000 in principal, split between $630 in new notes and $400 in cash, until the deadline on October 21, the company said in a press release on Saturday.
Bank of America is the dealer
Argentine power distributor offers to exchange more 9.75% 2022 notes for additional social bonds that mature in 2025