Argentina’s TGN Re-Opens Debt Swap for Defaulted Bonds

Argentine pipeline operator Transportadora de Gas del Norte SA is opening a debt swap for holders of defaulted bonds who didn’t participate in an exchange held in August, according to a filing to the Buenos Aires stock exchange today.

TGN, as the company is known, is offering to swap $150 and issue $850 of five-year bonds for every $1,000 of debt, the statement said.

The offer expires Nov. 9.

To contact the reporter on this story: Camila Russo in Buenos Aires at crusso15@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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