April 5, 2013
YPF has authorized the issue up to ARP3.7bn ($721m) in new bonds, the Argen
YPF has authorized the issue up to ARP3.7bn ($721m) in new bonds, the Argentine state-controlled oil producer says. Specific details regarding timing and maturities were not available, and the issuer declined to comment. The authorization comes under a $3bn program. YPF’s most recent sale was a $734m-equivalent domestic deal in December. YPF is rated AA on a national scale.