Argentina’s YPF Luz Offers $75 Million 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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