Argentina’s Cordoba to issue notes, buy back portion of 12 3/8% notes

By Angela McDaniels

Tacoma, Wash., May 25 – The Province of Cordoba began a tender offer to purchase up to $200 million principal amount of its $596 million outstanding 12 3/8% senior notes due 2017, according to a news release.

The province is offering $1,082.50 per $1,000 principal amount of notes plus accrued interest up to but excluding the payment date, which is expected to be June 10.

The tender offer will expire at 5 p.m. ET on June 2.

The tender offer is subject to the satisfaction of conditions that include an offering of new senior notes.

The dealer managers are J.P. Morgan Securities LLC (212 834-7279 or 866 846-2874) and Morgan Stanley & Co. LLC (212 761-1057 or 800 624-1808). The information agent is D.F. King & Co., Inc. (212 269-5550, 877 361-7963, cordoba@dfking.com or www.dfking.com/cordoba).

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