YPF sells medium term debt in Pesos equivalent to 423 million dollars

Thursday, October 18th 2012 - 07:11 UTC

Full article 19 comments

Argentina's state-controlled energy company YPF sold medium-term local currency debt equivalent to a total of 423.2 million dollars on Wednesday, a stock market filing showed. Read full article

Comments

Disclaimer & comment rules

Idlehands
It was successful because it is one of the less bad ways of protecting peso savings from inflation. If you can't buy dollars then an investment indexed against the dollar is probably the next best thing. I would expect investors to still make a real terms loss but just less of a loss than elsewhere. It needs to be indexed to the market rate not the official rate to actually generate a gain.
Oct 18th, 2012 - 07:47 am - Link - Report abuse 0
-+
surfer
They're going to default anyhow
Oct 18th, 2012 - 09:05 am - Link - Report abuse 0
-+
Captain Poppy
So Anses was ordered to buy some more or YPF's bonds again....big news.
Oct 18th, 2012 - 12:03 pm - Link - Report abuse 0
-+
ptolemy
..“ payable in Pesos,”(?) Not much you can do with pesos these days. No one wants them. The reality market here is all but shut down because no one wants pesos and if you were selling,..you can't get you money out of the country. What a waste of time.
Oct 18th, 2012 - 05:07 pm - Link - Report abuse 0
-+
Captain Poppy
Yes, but they can now pay wages. Without even pesos, they would have run out of funds to pay wages. And of course one needs U$ to deal in the international market.
Oct 18th, 2012 - 05:15 pm - Link - Report abuse 0
-+
IsoldedePavo
@5 Conqueror/Captain PUP
You are wrong....
this is your argentine wife talking...
....I can't keep the secret anymore....
or you accept me now or
.... I file for the divorce!
lol
Oct 18th, 2012 - 08:09 pm - Link - Report abuse 0
-+
ChrisR
You can just imagine the deluded prats such as Prat-Junta, Dunni-Burger and the rest hailing this as a sign AG are being respected by the world’s financial institutions!
Oct 18th, 2012 - 09:34 pm - Link - Report abuse 0
-+
Xect
6.25% index linked? Sounds like junk grade debt to me......

Buy and hope to get your first payment because its unlikely to make it to maturity......
Oct 18th, 2012 - 09:56 pm - Link - Report abuse 0
-+
ProRG_American
I would buy some if I were you. I am.
Oct 18th, 2012 - 10:28 pm - Link - Report abuse 0
-+
Xect
Good plan ProRG, buy some more! LOL

Actually scrub that, I don't believe for a second you are buying any, just trolling as per normal.
Oct 18th, 2012 - 10:33 pm - Link - Report abuse 0
-+
surfer
junk bonds, going to default or payout in pesos, same difference.
Oct 18th, 2012 - 11:12 pm - Link - Report abuse 0
-+
Captain Poppy
Ypf is caught in a whirlpool
Oct 18th, 2012 - 11:26 pm - Link - Report abuse 0
-+
ProRG_American
I am sure that when it comes to collect on this oil money it will fit into my bank account quite nicely. Better than “probable” bet on “Falkl...” whoops Malvinas expenive to extract from the sea oil
Oct 19th, 2012 - 12:19 am - Link - Report abuse 0
-+
Ayayay
None of the loan was for exploration, like the Falklands though, AFAIK. loan to cover payroll, business is down from last year and they don't have ANY of the cheap financing backed by S.pain, Euro
Oct 19th, 2012 - 01:08 am - Link - Report abuse 0
-+
Captain Poppy
Yes very expensive considering that's where that vast majority of oil comes from outside of Saudi
Oct 19th, 2012 - 01:29 am - Link - Report abuse 0
-+
Hook
what happened with all the Gazprom etc. projects? all empty talk as usual.
Oct 19th, 2012 - 03:01 am - Link - Report abuse 0
-+
Captain Poppy
The Gazprom deal was about importing to Argentina
Oct 19th, 2012 - 10:09 am - Link - Report abuse 0
-+
ChrisR
And the oil from Angola?

And the oil money from the American oil company’s who were graced by TMBOA presence just recently?

And the money that was BOUND to come after the world trip taken by the CEO of YPF in the last months?

And Chevron is going to carry out fracking in the Dead Cow field free of charge!

BUT! Where is it all? Has TMBOA decided to keep it for herself, FatBoy and SlimGirl for their joint and imminent retirement?

Wait for the next episode at next week’s Saturday morning matinee courtesy of the AG government: AND I MEAN THAT MOST SINCERELY FOLKS!

Apologies to those who have never heard of the Saturday morning pictures that were a favourite of children in the UK in the 50’s, 60’s and 70’s and to Hughie Greene (deceased) the smarmy TV host who would have been lauded by the argies for his ‘sincerity’.
Oct 19th, 2012 - 05:22 pm - Link - Report abuse 0
-+
Captain Poppy
The latest in fossil energy news:

http://www.foxbusiness.com/news/2012/10/19/argentina-shale-gas-investment-hinges-on-stable-regulations-executives/

http://www.foxbusiness.com/news/2012/10/19/argentina-shale-gas-investment-hinges-on-stable-regulations-executives/

Oh Oh!!! Gas and diesel prices being raised in RG

http://www.foxbusiness.com/news/2012/10/19/argentina-shale-gas-investment-hinges-on-stable-regulations-executives/

And advice to American businesses:

http://www.foxbusiness.com/news/2012/10/19/argentina-shale-gas-investment-hinges-on-stable-regulations-executives/
Oct 19th, 2012 - 06:51 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!