MetroGas notes accelerated

Chicago, Oct 8 - MetroGas SA has received a notification from Citibank NA, trustee for its floating-rate series C notes due 2004, announcing the acceleration of the notes.

At the request of at least two-thirds of the series C notes' bondholders, all interest and all other amounts payable under the notes are now due and payable.

The Argentine gas company is working with J.P. Morgan Securities Inc. and legal advisors under Argentine and New York Law to develop a restructuring plan.

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