By Christine Van Dusen
Atlanta, April 2 - Argentina's Yacimientos Petroliferos Fiscales (YPF) priced $1 billion 8¾% notes due in 2024 at par to yield 8¾%, a market source said.
HSBC, Itau BBA and Morgan Stanley were the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used for investments in fixed assets and working capital.
YPF is a petroleum and natural gas company based in Buenos Aires.
| Issuer: | Yacimientos Petroliferos Fiscales
|
| Amount: | $1 billion
|
| Maturity: | 2024
|
| Description: | Notes
|
| Bookrunners: | HSBC, Itau BBA, Morgan Stanley
|
| Coupon: | 8¾%
|
| Price: | Par
|
| Yield: | 8¾%
|
| Trade date: | April 2
|
| Distribution: | Rule 144A/Regulation S
|
| Price talk: | Low-to-mid-9% area
|
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