Argentina’s YPF Announces Exchange Offering

(YPF, 13.Jul.2020) — Argentina’s state oil company YPF Sociedad Anónima announced 13 July 2020 changes to a debt exchange offering.

The offering consists of the following:

(i) Class XIII 8.500% fixed rate US Dollar denominated negotiable obligations redeemable with maturity in 2025 in an aggregate nominal amount of up to $950,000,000 (the “Negotiable Obligations Class XIII”) to be issued in exchange for the class XLVII negotiable obligations issued on March 23, 2016 in an aggregate nominal amount of $1,000,000,000 maturing in 2021 (the “Existing Negotiable Obligations”), and

(ii) the terms and procedures to exchange any and all of the Existing Negotiable Obligations for the Negotiable Obligations Class XIII (the “Exchange Offer”) announced on 2 July 2020, published on the same date in the CNV website, www.cnv.gov.ar, under the item “Empresas (entidades con oferta pública)” (the “AIF”), in the Mercado Abierto Electronico S.A. website (the “MAE”), in the electronic bulletin of the MAE (the “Electronic Bulletin of the MAE”) and on YPF’s website http://www.ypf.com.

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