New Issue: Argentina's Edenor prices $70 million tap of 9¾% notes 2022 at 101.25 to yield 9.57%

By Christine Van Dusen

Atlanta, April 20 - Argentina's Empresa Distribuidora y Comercializadora Norte SA (Edenor) priced a $70 million tap of its 9¾% senior notes due Oct. 25, 2022 at 101.25 to yield 9.57%, a market source said.

JPMorgan and Deutsche Bank were the bookrunners for the Rule 144A and Regulation S notes.

The original issue totaled $140 million and priced at par on Oct. 15

Edenor is a Buenos Aires-based electricity producer.

Issuer:	Empresa Distribuidora y Comercializadora Norte SA (Edenor)
Amount:	$69,999,000
Maturity:	Oct. 25, 2022
Description:	Senior notes
Bookrunners:	JPMorgan, Deutsche Bank
Coupon:	9¾%
Price:	101.25
Yield:	9.57%
Trade date:	April 20
Settlement date:	April 25
Distribution:	Rule 144A and Regulation S

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