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Prospect News home > News index > List of issuers E > Headlines for Empresa Distribuidora y Comercializadora Norte SA (Edenor SA) > News item |
Argentina's Edenor $220 million 10-year bonds talked at 9¼% to 9 3/8%
By Aaron Hochman-Zimmerman
New York, July 17 - Empresa Distribuidora y Comercializadora Norte SA (Edenor) talked its $220 million in 10-year bonds (B2/B) at 9¼% to 9 3/8%, according to a market source.
Citigroup and Deutsche Bank will bring the offering, which was lowered from $250 million.
Pricing is expected Wednesday.
The bonds feature five years of call protection and are being offered under Rule 144A and Regulation S.
Proceeds from the sale are likely to be used to refinance existing debt.
Edenor is a Buenos Aires, Argentina-based energy distribution company.
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