March 31 Argentina's state-controlled energy
company YPF set initial guidance of just over 9
percent for the sale of up to $1 billion in 10-year global
bonds, Thomson Reuters service IFR reported.
Investor demand for the bond that could launch as early as
Tuesday in New York has exceeded $3.25 billion, IFR said on
Monday. The expected ratings are CAA1/NR/B-.
According to IFR, YPF had mandated HSBC, Banco Itau and
Morgan Stanley to hold investor meetings on Monday.
The deal comes as YPF is seeking to attract investment to
the vast Patagonian shale oil and gas formation called Vaca
Muerta, or Dead Cow.
(Writing by Mitra Taj; Editing by Diane Craft)