Argentina's Economy Ministry seeks to raise AR$200 billion ($2.3 billion) through the tender of four bills maturing in 2021 and two bonds adjusted by the Reference Stabilisation Coefficient (Inflation). In this way, it will look to cover the week's maturities.
Day: January 27, 2021
Argentina’s YPF to boost investment by 73% this year to rebuild output
Argentina's state-backed energy company YPF plans to ramp up it investment 73% this year, with the brunt of the increased spending going toward rebuilding oil and natural gas production after a 10% slump in 2020, a company source said. YPF aims to increase investment in its upstream business more than 90% this year compared with 2020.
Argentina YPF bonds soar after company sweetens $6.2 bn debt swap offer
Dollar bonds issued by Argentina's YPF jumped after the energy firm sweetened its $6.2 billion debt swap offer to creditors. The 2025 issue added 6 cents to trade at 83.02 cents in the dollar - the highest level in more than four months, according to Refinitiv data. Other bonds added around 2 cents.
Argentina lowers meat prices by 30% due to low consumption
The Argentine government agreed with the meat industry go down to 30% the prices of the main cuts, since the consumption of this product has collapsed to historical levels. As part of the agreement, the industry committed to allocate some 6,000 tons per month to the domestic market.
Alpha Lithium accelerates drilling program at Argentina’s Tolillar project
Alpha Lithium Corporation, owner of one of the last large, undeveloped salars in Argentina’s Lithium Triangle, has added a second drilling rig, which will immediately move to start Phase Two of its three-phase drilling program on Alpha’s 100% owned, 27,500-hectares Tolillar Salar. Adding a second drilling rig will accelerate the Company’s planned campaign by starting Phase Two before Phase One is complete.
