YPF Prices Local Debt

YPF has finished off a busy fundraising period with the sale of $734m-equivalent in domestic bonds, it says, shy of a ARP4.0bn ($821m) limit. The Argentine state-controlled oil producer priced $258m in 6.25% 2016 bonds at a premium of 101.53. It also sold ARP2.33bn in 2018 bonds at Badlar+4.75%. Banco Galicia, Banco Hipotecario, BACS, Santander Rio, BBVA Banco Frances, Macro and Nacion Bursatil managed the sale, rated AA on a national scale.