YPF Ad Hoc group creditors won’t swap debt beyond 2021 bonds, says source

YPF, which has earmarked US$6.2 billion of its debt for restructuring, averted default on Monday after winning support from a key creditor group to swap a US$413 million bond coming due in March.

RIO DE JANEIRO, BRAZIL - Creditors holding Eurobonds issued by Argentina’s YPF have called on the state energy company to cancel its proposed debt swap beyond the 2021 bond, a source said on Tuesday, February 9th.

YPF, which has earmarked US$6.2 billion of its debt for restructuring, swerved default on Monday after winning support from a key creditor group to swap a US$413 million . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?