Tag: negotiable obligations

Telecom places two Negotiable Obligations for $69.6mm

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.

YPF returns to the local market with three $50 million NDOs

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.