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MetroGas announces details of debt restructuring issuance
By Caroline Salls
Pittsburgh, May 15 - MetroGas SA said it issued $236.29 million series 1 notes due 2014, $6.25 million series 2 class A dollar-denominated notes due 2014 and €26.07 million series 2 class B euro-denominated notes on May 12 under its debt restructuring, according to a company news release.
The interest rate on the series 2 class B notes will be 1.8% in 2005 and 2006; 2.8% in 2007 and 2008; 3.8% in 2009 and 2010; 5.8% in 2011 and 2012 and 6.8% in 2013 and 2014.
The company also made a $105.61 million payment to buy back existing debt for cash.
MetroGas is a Buenos Aires gas company.
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