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Bond Market News
YPF Seeking $2bn in Financing for Project, say Sources
November 21, 2024
YPF is seeking $2bn in financing in 2Q2025 to complete its Vaca Muerta Sur project, as per a company source according to Reuters. The project aims to transport an additional 390k barrels per day from the Vaca Muerta Formation region to a coastal export terminal in Rio Negro province. The source said that YPF is seeking $1.5bn from foreign investors and $500mn locally. YPF CEO Horacio Marin said that the “project will make Argentina one of the main exporters in the region”.
YPF’s dollar bonds have trended higher over the past week and were trading with a positive bias – its 7% 2033s were up 0.5 points to 98.5, cents on the dollar, yielding 7.23%.
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