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YPF SA To Extend Issuance Of Class XI Negotiable Bonds

Thursday, 22 Nov 2012 03:03pm EST 

YPF SA announced that it extends the issuance of class XI negotiable bonds of up to ARS 1,360 million under its USD 3 billion medium-term Program. Public sale of bonds will take place on November 30, 2012. The bonds will mature in February 2017 and carry and interest rate of Badlar plus 425 basis points. The bonds will be denominated in peso and issued under Argentine law. YPF SA needs to raise cash to fund a multibillion-dollar investment plan between 2013 and 2017 that aims to reverse years of falling output and reserves. 

Company Quote

-0.8 -2.42%
4:03pm EDT