Argentina's YPF to sell ARS 1.35 billion of notes in three classes

By Caroline Salls

Pittsburgh, Sept. 6 - YPF SA will offer up to ARS 50 million of class VI 270-day fixed-rate notes, up to ARS 100 million of class VII 18-month variable-rate notes and up to ARS 1.2 billion of class VIII 36-month variable-rate notes at par under its $1 billion global notes program, according to a news release.

The amount of the class VI notes can be increased to ARS 100 million, and the class VII notes can be increased to ARS 200 million.

The public auction period will begin on Sept. 11 and end on Sept. 12.

The minimum subscription amount will be ARS 1,000, and the notes will be sold in increments of ARS 1 after that.

Fitch Argentina has rated the notes AA(arg).

The agents include BACS Banco de Credito y Securitizacion SA, Banco de Galicia y Buenos Aires SA, Banco Macro SA, Banco Santander Rio SA, BBVA Banco Frances SA, Nacion Fideicomisos SA, Banco Hipotecario SA, Macro Securities SA, Sociedad de Bolsa and Nacion Bursatil Sociedad de Bolsa.

YPF is an integrated oil and gas company based in Buenos Aires.

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