YPF trims down local bond plans

YPF trims down local bond plans

Corporate & Sovereign Strategy Bonds Debt Fixed Income Loans Energy Gas Oil Latin America South America Argentina

YPF, the biggest energy company in Argentina, may go the local bond market later this year to meet its financing needs, but it will likely issue less than previously expected as a debt restructuring, higher gains from rising energy prices and demand and a new revolving credit facility improve its liquidity, CFO Alejandro Lew said Wednesday. YPF faces no major bond or loan maturities this year and less than $250 million in cross-border debt maturities, mostly trade-related, he said on a conferenc

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