July 3, 2020 |
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
Argentine state-backed energy company offers to extend maturity, pay cash sweetener