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Published on 6/4/2010 in the Prospect News Emerging Markets Daily.

Argentina's IRSA extends subscription period for $250 million of notes

By Caroline Salls

Pittsburgh, June 4 - IRSA Inversiones y Representaciones SA has extended the period in which buyers can submit indications of interest to subscribe for up to $250 million of class 2 fixed-rate notes due 2020 being sold by IRSA to June 14 from June 4, according to a company news release.

IRSA had previously announced plans to sell up to $150 million of class 2 fixed-rate notes due 2020 under its $400 million global bond program. However, the company's board approved the sale of up to $250 million of the class 2 notes.

The notes are being sold under the company's $400 million global notes program.

IRSA is a Buenos Aires-based real estate, shopping center and hotel company.


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