YPF Issues US$ 1.2 Billion in International Debt with 2035 Maturity

YPF placed US$ 1.2 billion in the international market through the issuance of a bond maturing in 2035. The transaction closed on Wednesday and represents the largest debt placement by an Argentine company.

The bond has a nine-year term and offers an annual coupon rate of 7.55%. The yield on the issuance stood at 7.85%.

The transaction enables the oil company to access financing in international markets through a new negotiable obligation. Available information does not detail the specific use of proceeds.

Information sourced from EconoJournal.