YPF swaps 59% of $1 bln bond

YPF swaps 59% of $1 bln bond

Bonds Debt Corporate & Sovereign Strategy Argentina Latin America

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

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial