Edesur Prices Peso Notes

In a quietly marketed local offering, Argentine distribution company Edesur raised ARP165m ($53.7m) in 11.75% of 2012 notes. The bonds, part of a $450m MTN program, were priced at par, according to a filing with the local exchange. The company had obtained approval to list up to ARP200m on the exchange. JPMorgan and Santander Rio led.