New Issue: Argentina's YPF sells ARS 1.5 billion of notes in three classes at par

By Caroline Salls

Pittsburgh, Sept. 12 - YPF SA sold ARS 100 million of class VI 270-day fixed-rate notes, ARS 200 million of class VII 18-month variable-rate notes and 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.

Interest on the class VI notes will be 16.74%, interest on the class VII notes will accrue at the reference rate plus 300 basis points, and interest on the class VIII notes will accrue at the reference rate plus 400 bps.

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.

Issuer:	YPF SA
Agents:	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
Price:	Par
Pricing date:	Sept. 12
Settlement date:	Sept. 14
Rating:	Fitch Argentina: AA(arg)
Class VI notes
Amount:	ARS 100 million
Maturity:	June 11, 2013
Interest:	16.74%
Class VII notes
Amount:	ARS 200 million
Maturity:	March 14, 2014
Interest:	Reference rate plus 300 bps
Class VIII notes
Amount:	ARS 1.2 billion
Maturity:	Sept. 14, 2015
Interest:	Reference rate plus 400 bps

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