YPF Luz Offers $75mn In Negotiable Obligations

(Energy Analytics Institute, Aaron Simonsky, 7.May.2019) — YPF Energía Eléctrica, also known as YPF Luz, offered $75 million in negotiable obligations on the Argentina stock exchange at an interest rate of 10.24%.

Funds from the offering will be destined to finance projects related to thermal and renewable energies, reports online media Río Negro.

The obligations are classified Class I and mature in 24 months or in 2021. YPF Luz originally planned to offer $50 million, but with nearly 1,136 purchase orders, it increased the amount by $25 million.

The deal runners include Santander, Banco Macro, Banco Galicia, Balanz Capital, SBS, HSBC, BACS, Itaú, Banco Nación and ICBC.

YPF Luz currently has two wind parks under development: Los Teros in the Azul province of Buenos Aires and Cañadon León in Santa Cruz, the media reported.

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ENERGY ANALYTICS INSTITUTE (EAI) https://energy-analytics-institute.org

Energy Analytics Institute (EAI), formerly LatinPetroleum.com, is a Houston-established private organization with a satellite presence in Calgary, Mexico City and Venezuela where it operates under Editores LatinPetroleum SA. Since 1999, EAI has been a leader in energy news coverage of Latin America in particular. Coverage, run out of Latin America, now spans the world and encompasses nearly all energy and energy-related sectors.

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