Argentina’s YPF Sells $800 Million Bond to Fund Debt Buyback (4)
Summary
Argentinas state-owned oil driller <-rte-company state="{"_id":"0000018c-f5b2-de1f-adbf-f5fa91300000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">YPF SA-rte-company> tapped international investors with a new dollar bond to help finance a buyback of existing debt, according to people familiar with the matter.The firm sold $800 million in fixed-rate debt due 2031, according to people familiar with the matter. The notes priced at 99.083 cents on the dollar with a <-bsp-bb-link state="{"bbDocId":"S72D0Z598MBK","_id":"0000018c-f5b2-de1f-adbf-f5fa91310000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">9.75%-bsp-bb-link> yield, down from initial price talk in the low 10%-range, said the people, who asked not to be identified because theyre not authorized to speak about it.The energy giant will start paying back principal on the debt in July 2026, the ...