February 2, 2021 |
YPF, the biggest energy company in Argentina, has improved a proposal to restructure $6.2 billion in international bonds for a third time, a key for rebuilding the business from a slump last year, a company source said on Monday.
The source, who spoke on the condition of not being named, said the board of directors of the state-backed company increased the amount of cash to be paid for swapping a bond maturing this March for a new one that falls due in 2026. That means investors will receive few
Argentine energy company puts in more cash as it seeks to reach a deal in the next two weeks, source says