January 22, 2020 / 10:36 PM / a month ago

Argentine state energy firm YPF issues debt of $164 million -statement

BUENOS AIRES, Jan 22 (Reuters) - Argentina’s state energy company YPF said it issued debt of $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.

Reporting by Cassandra Garrison Editing by Chris Reese

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