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Prospect News home > News index > List of issuers Tenders > Headlines for 2014 > News item |
Argentina's TGS offers new 9 5/8% notes in exchange for 7 7/8% notes
By Susanna Moon
Chicago, Jan. 13 - Transportadora de Gas del Sur SA said it began an offer to exchange its 7 7/8% notes due 2017 for newly issued 9 5/8% notes due 2020.
The exchange offer will end at 11:59 p.m. ET on Feb. 7.
The total exchange value will be par for each $1,000 principal amount of notes tendered by 5 p.m. ET on Jan. 24, the early participation date.
The total exchange value includes an early premium of $30 per $1,000 of notes.
Holders who tender their notes after the early deadline will receive the exchange amount of $970 principal amount per $1,000 of notes, or the total amount less the early premium.
Global Bondholder Services Corp. (212 430-3774 or 866 470-4200) is the information agent.
TGS is a natural gas company based in Buenos Aires.
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