YPF to Add Local Debt

YPF plans to price Monday up to ARP4bn ($821m) in domestic bonds, it says, which can be upsized to ARP4.5bn. The Argentine state-controlled oil producer is offering 2018 bonds paying a floating rate to be determined at the time of pricing, and 6.25% coupon 2016 bonds. Banco Galicia, Banco Hipotecario, BACS, Santander Rio, BBVA Banco Frances, Macro and Nacion Bursatil are managing the sale, rated AA on a national scale. Additionally, YPF is offering up to ARP50m in 19% 1-year bonds to retail investors through Friday.