YPF marks Argentine bond return

YPF marks Argentine bond return

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Energy Economy & Policy Argentina US

Argentina's YPF has issued $500m in international notes, marking the first cross-border bond deal by an Argentine company in more than a year, according to press reports. The bookrunners Citi, HSBC and Itaú priced the 10-year bond to yield 8.75% after opening the deal between 9% and 9.3%. The oil company will reportedly use the money to pay off debt and add to working capital. The oil company offered a yield of 7.127% when it sold $750m in 30-year notes in December 2017. It also added $250m to i

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