Argentina's Edenor pushes back deadline for up to $250 million 10-year bonds until November

By Aaron Hochman-Zimmerman

New York, July 31 - Empresa Distribuidora y Comercializadora Norte SA (Edenor) has extended the subscription period for its $250 million in 10-year bonds (B2/B) until Nov. 2, according to 6-K filing with the Securities and Exchange Commission. It was previously July 31.

The 10-year notes which were lowered to $220 million and raised again to $250 million have been talked at 9¼% to 9 3/8%.

The bonds are part of a $600 million medium-term note program and feature five years of call protection.

Citigroup and Deutsche Bank are mandated as bookrunners for the offer, to be sold under Rule 144A and Regulation S.

The Buenos Aires, Argentina-based energy distribution company will use the proceeds from the sale to refinance existing debt.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.