Region:
Argentina
Category:
Economy

YPF launches new retail growth-linked bond

The bond will pay an annual interest rate of 20% plus a tied directly to the growth of hydrocarbon production company

From Friday 23 to Thursday 29 May, YPF will place a new bond issue aimed at retail investors, 200 million pesos may be extended to 300 million.

In this sixth edition, the bond will pay an annual interest rate of 20% plus a tied directly to the growth of hydrocarbon production company. For each percentage point of growth in operated production of YPF oil and gas, compared to the same month last year, the bond will pay an additional percentage point interest rate capped at 26% annual rate.

Production data are reported by the Department of Energy's Office and are publicly accessible. For the calculation of the last published data plus the time to settle the interest rate, which will be taken monthly.

Since the first edition of the bond YPF so far, more than 60% of the more than 55600 savers already stationed in this financial tool, recovered their principal plus interest. This confirms the strength of the bond and trust the company that generated the thousands of Argentines who put their savings to produce.

As in previous releases, you can subscribe easily by phone or through the website of the bank, with the only requirement to be banked without having sophisticated financial knowledge.

The placement agents will be a total of 21, including banks and brokerage firms.

The company has a toll-free number that will work for 9-18 (0800-122-2973 or from the phone * 973) by which it may make all necessary inquiries.

Likewise, it is also enabled via web shopping system whereby interested parties may purchase the Bonds YPF simplest way: Entering the page YPF (www.ypf.com.ar) and from there select the option of the bank with which the person usually operates. Here the steps listed.

traslation: Belén Zapata