YPF Bond Gets Single B

YPF Bond Gets Single B

Argentina Bonds Structured Finance

YPF has received a B minus rating from Fitch for the new 2018 bond it plans to sell today. The state-controlled oil company plans a $50m-$150m RegS bond that will be a test of international appetite for the renationalized issuer, after a 14-year absence from the international bond market. The floating-rate bond pays Libor+7.76% through November 15 and Libor+7.50% for the remainder of the bond’s life. Citi and HSBC are leading the deal. The proceeds will be used to refinance existing debt and to

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