YPF Raises ARP/USD Bonds Locally

Argentina’s YPF has sold $107m-equivalent in dollar and peso bonds on the domestic market. The oil producer’s ARP143m ($37.1m) in 2011 bonds pay Badlar plus 2%, while $70m in 2013 dollar bonds pay a fixed rate of 4%. BBVA Banco Frances, Banco de Santa Fe, and Santander Rio managed the sale, rated AAA on a national scale.