By Christine Van Dusen
Atlanta, Dec. 17 - Argentina's Yacimientos Petroliferos Fiscales (YPF) priced an upsized $500 million issue of 8 7/8% notes due in 2018 (B3//B-) at 99.505 to yield 9%, a market source said.
The pricing matched talk, set at 9%.
The issuer was initially expected to bring to market $300 million of notes.
Itau Unibanco and Morgan Stanley were the bookrunners for the deal.
YPF is a petroleum and natural gas company based in Buenos Aires.
| Issuer: | Yacimientos Petroliferos Fiscales (YPF)
|
| Amount: | $500 million
|
| Maturity: | 2018
|
| Description: | Senior notes
|
| Bookrunners: | Itau Unibanco, Morgan Stanley
|
| Coupon: | 8 7/8%
|
| Price: | 99.505
|
| Yield: | 9%
|
| Trade date: | Dec. 17
|
| Ratings: | Moody's: B3
|
| Fitch: B-
|
| Price talk: | 9%
|
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