YPF Opens Local Sale

YPF Opens Local Sale

Argentina Bonds

Argentina’s YPF has opened the offering period for up to ARP1.2bn ($258m) in 3-year local bonds, it says, as part of a ARP1.35bn sale that also includes short-term debt of up to 18 months. Pricing is set for September 12, the state-owned oil company says. The sale comes under a $1bn shelf, and is led by BACS, BBVA Banco Frances, Banco de Galica y Buenos Aires, Banco Macro, Santander Rio and Nacion Fideicomisos. Faced with large capex needs, YPF has indicated that it plans to sell up to ARP3.5bn

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