YPF enhanced its exchange offer to extend the maturity of its $1 billion Negotiable Obligations

The improved proposal would move from a six-month scheme, starting in September 2021, to the previously announced annual plan beginning in March 2022. The new bonds will maintain the original terms in 2025, the same interest rate of 8.5% but will be amortized in eight semi-annual instalments, beginning September 23, 2021. An increase in cash payments for early bird investors included from $100 in cash and $950 in new bonds for every 1000 bonds issued to a unique combination of $125 in cash and $925 in new bonds. Those entering the swap in the second term – July 17-30 – will receive a $50 cash payment and the same bonus for $950.

Source: Ámbito