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YPF increases note issuance to US$73.3mn

Bnamericas
Argentine oil company YPF has increased its previously announced note issue to 300mn pesos (US$73.3mn) from 100mn pesos. The notes will be issued on June 21 with a 2.60% nominal annual interest, the company said in a statement. BBVA Banco Francés, Banco Santander Río, Nuevo Banco de Santa Fe and Banco Macro are organizing and underwriting the issue. Fitch has assigned an AAA(arg) rating to the transaction, which is part of YPF's global financing program of US$1bn.

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