Telefonica de Argentina Announces Issuance of New Notes in Connection with Completed Exchange Offers.Business Editors BUENOS AIRES Buenos Aires (bwā`nəs ī`rēz, âr`ēz, Span. bwā`nōs ī`rās), city and federal district (1991 pop. , Argentina--(BUSINESS WIRE)--Aug. 7, 2003 Telefonica de Argentina S Argentina (ärjəntē`nə, Span. ärhāntē`nä), officially Argentine Republic, republic (2005 est. pop. 39,538,000), 1,072,157 sq mi (2,776,889 sq km), S South America. .A. ("TASA" or the "Company") announced today that it has issued new notes in connection with its completed offers to exchange two series of existing TASA notes (the 11.875% TASA Notes due 2004 (the "TASA 2004 Notes") and the 9.125% TASA Notes due 2008 (the "TASA 2008 Notes")) for two new series of TASA notes plus a cash payment (the "TASA Exchange Offers"), and its offers to exchange two series of existing notes issued by TASA's holding company, Compania Internacional de Telecomunicaciones S.A. ("Cointel"), (the 8.85% Cointel Series A Notes due 2004 (the "Cointel Series A Notes") and the 10.375% Cointel Series B Notes due 2004 (the "Cointel Series B Notes")) for two new series of TASA notes plus a cash payment (the "Cointel Exchange Offers" and together with the TASA Exchange Offers, the "Exchange Offers"). The principal amount of new notes issued in connection with the completed Exchange Offers is as follows: -- U.S.$189.8 million aggregate principal amount of TASA 11.875% Notes due 2007, -- U.S.$220.1 million aggregate principal amount of TASA 9.125% Notes due 2010, -- U.S.$148.2 million aggregate principal amount of TASA 8.85% Notes due 2011, and -- Ps. 223,750 aggregate principal amount of TASA Conversion Notes due 2011. The TASA 2007 and TASA 2010 Notes will be listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . The TASA 2011 Notes will be listed on the New York Stock Exchange and the Bolsa de Comercio de Buenos Aires See Buenos Aires Stock Exchange. . The TASA Conversion Notes will be listed on the Bolsa de Comercio de Buenos Aires. In connection with the completed Exchange Offers, the Company made cash payments which had the effect of reducing the Company's total principal debt by U.S.$77.5 million, plus accrued interest Accrued Interest The interest that has accumulated on a bond since the last interest payment up to but not including the settlement date. There are two methods for calculating accrued interest: 1) 360-day year method, used for corporate and municipal bonds. . Any questions regarding the completed Exchange Offers may be addressed to Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. as dealer manager for this transaction at the following numbers: Morgan Stanley Simon Morgan Simon Morgan (b. September 5 1966, Birmingham) was a footballer most famously playing for Fulham and Leicester. He also briefly represented England at Under 21 level. Morgan came from the city of Birmingham and his family were all supporters of Aston Villa. +1-212-761-2219 Heather Hammond +1-212-761-1893 |
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