August 3, 2020 |
Argentina’s state-backed energy company YPF said on Friday it received 59% acceptance from holders of a $1 billion 8.5% international bond due in March 2021 to swap it for a new note paying the same interest and maturing four years later.
The country’s biggest energy company said it tendered a total of $590.5 million in principal amount of the 2021 notes for the new ones maturing in 2025, according to a securities filing.
YPF, which launched the swap offer on July 2, had set a 70% threshold for
Argentine state-backed energy company extends payments by four years on 2021 bond, but doubts linger on financing capacity