Pricing for YPF Loan Emerges (1)

Pricing for YPF Loan Emerges (1)


An Argentine private equity group led by the Eskenazi family is offering what some see as attractive pricing on a $2bn 3.5-year loan to support the acquisition of 25% of YPF, the Argentine subsidiary of Spain’s Repsol YPF. At a well attended bank meeting last week in Madrid, the group told bank participants they could expect to receive 200bp over Argentina’s 3-year CDS, according to a banker who attended. On Monday, the basis was quoted at 380bp-395bp over Libor. An up-front fee of 125bp is also

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