By Christine Van Dusen
Atlanta, Feb. 4 – Argentina’s Yacimientos Petroliferos Fiscales (YPF) priced a $500 million issue of notes on Wednesday, tapping its 8 7/8% notes due Dec. 19, 2018 and its 8¾% notes due Aug. 4, 2024, a market source said.
The 2018 notes came to the market with a yield of 8½%. The 2024 notes printed with an 8.95% yield.
Citigroup, Itau Unibanco and JPMorgan were the bookrunners for the deal.
Other pricing details were not immediately available on Wednesday.
YPF is a petroleum and natural gas company based in Buenos Aires.
| Issuer: | Yacimientos Petroliferos Fiscales
|
| Amount: | $500 million
|
| Description: | Notes
|
| Bookrunners: | Citigroup, Itau Unibanco, JPMorgan
|
| Trade date: | Feb. 4
|
|
|
| Notes due 2018
|
| Amount: | $175 million
|
| Maturity: | Dec. 19, 2018
|
| Coupon: | 8 7/8%
|
| Yield: | 8½%
|
|
|
| Notes due 2024
|
| Amount: | $325 million
|
| Maturity: | Aug. 4, 2024
|
| Coupon: | 8¾%
|
| Yield: | 8.95%
|
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