CORRECTED-Spain's Repsol agrees sale of Argentine bonds to JP Morgan

miércoles 14 de mayo de 2014 04:39 GYT

(Corrects to show value of remaining bonds, removes reference to nominal value of all the bonds sold as being $117.36 mln)

MADRID May 13 (Reuters) - Spanish oil major Repsol said on Tuesday it had agreed the sale of Argentine bonds to JP Morgan for $2.01 billion, the company's second sale of Argentine paper to the U.S investment bank in less than a week.

The bonds were part of a $5 billion settlement with Argentina after the South American country expropriated Repsol's 51 percent stake in energy firm YPF in 2012.

The nominal value of remaining bonds is $117.36 million, the company said in a statement. It said the sale would have no effect on Repsol's financial results.

Argentina's recognised debt with Repsol was reduced by $4.815 billion following the company's recent Argentine bond sales, the company said. (Reporting by Sonya Dowsett; Edited by Greg Mahlich)