Telecom Argentina placed debt in local currency for AR$4.2 billion ($69.6 million) through the issuance of two negotiable obligations, one at 12 months (Badlar rate plus 4.75%) and another at 18 months (Badlar plus 5.25 %). The tender was led by a consortium composed of Macro, BACS, AR Partners and Balanz, with orders of up to AR$5.2 billion. The financing will allow the company to make investments in working capital and capex.
Argentina state oil company YPF will launch tomorrow Wednesday on the local market two negotiable obligations in pesos at 12 and 18 months, and a third in dollar linked at 12 months for an amount equivalent to $50 million that could be extended to $150 million. The company also announced the reopening of the Class XLVI bonds due on March 4, 2021.