December 8, 2017 |
Argentina's state-owned energy unit YPF returned to the cross-border bond market yesterday, raising $250m through a retap of its 6.95% 2027s and a $750m 30-year new issue, DCM sources confirmed.
On Wednesday, Bank of America Merrill Lynch and Credit Suisse started price talk on the reopening at 105 cents and opened books on a 30-year in the mid 7% area. Yesterday, the duo tightened at guidance to 106.25 cents on the retap and 7.125% on the 2047s.
Leads priced the B2/B+/B retap at 106.25 cents, e
Argentina's state-run oil company secures $1bn in the cross-border bond market, raises its first 2047 bond