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Montevideo, October 21st 2021 - 15:53 UTC

 

 

Argentina's YPF returns successfully to money markets: issues US$ 164 million debt

Saturday, January 25th 2020 - 09:34 UTC
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YPF, which is spearheading development of Argentina’s giant Vaca Muerta shale play, said in a statement it issued the debt via three new debt instruments YPF, which is spearheading development of Argentina’s giant Vaca Muerta shale play, said in a statement it issued the debt via three new debt instruments

Argentina’s state energy company YPF said it issued debt of US$ 164 million on Wednesday, in a result it said exceeded its expectation.

The firm, which is spearheading development of Argentina’s giant Vaca Muerta shale play, said in a statement it issued the debt via three new debt instruments and the reopening of one instrument.

That would include issuance of two peso-denominated instruments and a 12-month fixed rate dollar series, it said a day earlier.

YPF also reopened a Class XLVI bond maturing in 2021.

“The result of the tender was excellent, with a great response from the market that allowed the company to extend the terms at a competitive financing cost,” YPF said.

Categories: Economy, Energy & Oil, Argentina.

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