August 13, 2020 |
Argentina's state-backed energy company YPF plans to sell US dollar-denominated bonds with longer tenors in the local market to roll over debts until it can tap international bond markets for larger amounts to fund investments.
YPF, one of the more active borrowers in Argentina, slashed its investment plans after the government locked down the economy on March 20, causing demand for oil and refined products to plunge. The loss of cash flow raised concerns that YPF could struggle to cover $1.3 bi
Argentina's state-backed oil producer plans to offer dollar-linked bonds with longer tenors to deal with $1 bln in coming payments