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STXNEWS LATAM-Argentina's YPF sells roughly $157 mln in peso bonds
November 10, 2012 / 12:10 AM / 5 years ago

STXNEWS LATAM-Argentina's YPF sells roughly $157 mln in peso bonds

Argentina’s state-controlled energy company YPF said it has sold 750 million pesos ($157 million) in peso-denominated bonds, maturing in 51 months. The bonds will pay the local benchmark Badlar rate plus 425 basis points. That represents nearly 20 percent a year currently.

The company is selling debt on the local market to help meet targets to invest about $7 billion a year through 2017 to boost Argentina’s flagging oil and natural gas production.

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