YPF Pushes Back Bond Sale

YPF plans to price Tuesday up to ARP4bn ($821m) in domestic bonds, it says, a transaction that can be upsized to ARP4.5bn. The sale had been originally expected to price today. 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 has sold ARP150m in 19% 1-year bonds to retail investors in a sale closed Friday, upsizing from ARP50m.