Argentina's Edenor cuts 10-year notes to $220 million from $250 million

By Aaron Hochman-Zimmerman

New York, July 9 - Edenor SA cut its offer 10-year senior unsecured notes (B2/B) to $220 million from $250 million, according to a market source.

The bonds are noncallable for five years.

Citigroup and Deutsche Bank are the bookrunners for the Rule 144A and Regulation S deal.

Pricing is expected on July 18 after a roadshow that started Monday in London, continues Tuesday also in London, moves to the U.S. west coast on Wednesday and Thursday, and continues July 12 through July 17 on the U.S. east coast.

Proceeds from the sale will be used to refinance existing debt.

Edenor is a Buenos Aires, Argentina-based energy distribution company.

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