Bloomberg News

Argentina’s Gas Argentino Proposes Debt Restructuring Plan

February 13, 2012

Feb. 13 (Bloomberg) -- Gas Argentino SA, which controls Argentina’s largest gas distributor, announced a plan to swap 35 percent of its defaulted debt for new bonds, according to a statement filed today to the Buenos Aires stock exchange.

The new dollar-denominated bonds will mature in 2024 and have an 8.9 percent interest rate, according to the filing.

--Editor: David Papadopoulos

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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