YPF asks to restructure $1 bln bond

YPF asks to restructure $1 bln bond

Bonds Debt Corporate & Sovereign Strategy Argentina Latin America

Argentina's state-backed energy company YPF on Thursday made an offer to swap a $1 billion dollar-denominated bond due in March 2021 for one maturing more than four years later, a proposal that includes a cash sweetener. The offer is to exchange the 8.5% bond for a new series of bonds that will mature at the end of 2025 and pay the same interest, YPF said in a statement. Those who accept the swap will receive $950 in the new bonds plus $100 in cash, the company said, adding that the new bonds wi

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