YPF Sells Bonds, Petersen Forfeits Shares

YPF Sells Bonds, Petersen Forfeits Shares

Argentina Bonds Equity

Argentina's state-controlled energy company YPF has raised ARP750m ($157m) through the sale of domestic bonds, it says. The 2017 notes pay Badlar+425bp. It does not name the bookrunners. Separately, Argentina’s Petersen Group has forfeited 5.38% of YPF to Spain’s Repsol, YPF says, as a penalty for failing to make payments on loans. Earlier this year, Repsol accepted 21.2m YPF shares from Argentina's Petersen Group in lieu of payment for a loan. The Argentine government's expropriation of a 51% s

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