February 12, 2021 |
YPF, the biggest energy company in Argentina, said Wednesday that it received enough acceptance from bondholders to proceed with a restructuring of $2.1 billion in international bonds, freeing up cash for investments.
YPF said it got nearly 60% participation for an offer to restructure an 8.5% note maturing on March 23, 2021 bond and 32% for all seven bonds in the proposal by an early acceptance date, according to comments from the company and a press release.
YPF said that the results mean it w
Argentine oil company plans to issue $2.1 bln in new bonds as part of a debt swap