Argentina's TGS tenders for $191.59 million 9 5/8% notes at 103.534

By Susanna Moon

Chicago, April 19 – Transportadora de Gas del Sur SA said it is tendering for its $191,588,630 of outstanding 9 5/8% notes due 2020.

The cash tender offer will end at 8 a.m. ET on April 26.

The purchase price will be $1,035.34 for each $1,000 principal amount, according to a company announcement.

Holders will receive accrued interest up to but excluding the settlement date.

Tendered notes may be withdrawn before the earlier of the expiration date and if the offer is extended, the 10th business day after the offer began, and after the 60th business day after the offer began if has not been completed by then.

The offer contains a financing condition requiring closing of the company's concurrent offering of senior guaranteed notes.

The company said it plans to call any notes that remain outstanding after the offer.

HSBC Securities (USA) Inc. (212 525-5552 or 888 HSBC-4LM), Itau BBA USA Securities, Inc. (888 770-4828), J.P. Morgan Securities LLC (212 834-7279 or 866 846-2874) and Santander Investment Securities Inc. (212 940-1442 or 855 404-3636) are the dealer managers and solicitation agents.

Global Bondholder Services Corp. (212 430-3774, 866 470-4300 or gbsc-usa.com/TGS/) is the information agent.

The original principal amount of the notes being tendered is $255,451,506.

TGS is a natural gas company based in Buenos Aires.

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