YPF sells 10-year bond

YPF sells 10-year bond

Bonds

YPF sold a fixed-rate 8.75% 2024 bond on Tuesday in the largest bond sale ever by an Argentine company. Bookrunners HSBC, Itau BBA and Morgan Stanley tightened the deal from the initial price guidance of 9%, despite concerns about the Argentine economy and the country's shrinking foreign reserves. “We’ve taken another important step in our financing strategy. In 2013 after 15 years, YPF issued a bond in the international market again, proving that we have access to the international markets and

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