December 14, 2017
Monday, April 29, 2013

YPF bonds geared towards small investors

State-owned YPF oil company will launch a new bond auction aimed at small investors with the offer standing until May 7, the company said yesterday. 

The company is selling around 100 million pesos worth of bonds and has the possibility of expanding that sum to 300 million pesos depending on the demand. The lowest bond will be valued at 1,000 pesos with a maximum of up to 250,000 pesos. 

The bond has a short- term maturity expiring in 365 days from the day it was issued and will have an annual interest rate of 19 percent. This is the third bond auction YPF has offered since it was nationalized, with the first two auctions reaching a total of 25,000 investors for 772 million pesos, they stated in a press release.

The company highlighted that they would extend the bond auction period longer than in the previous two and the agencies offering the bonds will total a record 20 organizations. The new investment firms joining the 18 already existing participating firms are Transbur stock exchange S.A. and Rosental stock exchange S.A. 

The initiative, as had happen in two previous emissions, is geared towards the massive public, whose only requisite is to have a bank account. Those interested can subscribe by telephone or via the internet bank service.

  • Increase font size Decrease font sizeSize
  • Email article
  • Print
  • Share
    1. Vote
    2. Not interesting Little interesting Interesting Very interesting Indispensable

  • Increase font size Decrease font size
  • mail
  • Print

    ámbito financiero    Docsalud    

Edition No. 5055 - This publication is a property of NEFIR S.A. -RNPI Nº 5343955 - Issn 1852 - 9224 - Te. 4349-1500 - San Juan 141 , (C1063ACY) CABA - Director Perdiodístico: Ricardo Daloia