Argentine state majority owned petroleum company YPF has secured funds worth around 500 million dollars on the international finance market after issuing new bond titles, according to the president of the enterprise. Read full article
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I just dont get it... You need 200 Bn worth of investment in Vaca Muerta for the next 10 years according to YPF. Back in 2012 after the company was confiscated, Galluccio it would only take 35 Bn.Feb 05th, 2015 - 01:28 pm - Link - Report abuse 0
Now you have to pay Repsol bonds worth 10 Bn in the next 10 years. So far YPF is getting more monopolic in the Argentine market but the overall production in the country is falling. Plus now YPF is indebting itself further and further and the price of all has plummeted.
Remind me why YPF was privatized in the early 1990s because it was such a efficient money maker when the State managed it….. Ohh never mind.
They were offing a huge interest rate and couldn't fill the tranche.Feb 05th, 2015 - 02:21 pm - Link - Report abuse 0
BCRA had to banned U$ for imports yesterday.
This is getting really fun to watch.
Yawn. Pay your debts, rotting roadkill.Feb 05th, 2015 - 07:16 pm - Link - Report abuse 0
http://www.bloomberg.com/news/articles/2015-02-05/venezuela-bondholders-haunted-by-chavez-era-legal-claims?cmpid=yhooFeb 05th, 2015 - 07:31 pm - Link - Report abuse 0
A little off topic, but more bad news for V