YPF improves restructuring offer for third time

YPF improves restructuring offer for third time

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Gas Electricity Argentina Latin America Coronavirus

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

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