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Significance
In January YPF announced a plan to restructure its USD6.2bn foreign debt which, if successful, would represent the largest deal of its kind by an Argentine company. Reportedly the company improved its offer four times before reaching agreement on the 2021 bond.
Impacts
The recent replacement of YPF’s president will renew concerns over possible political interference in the company.
Vaca Muerta’s future may be further complicated by global trends towards renewables.
Pressure to keep domestic fuel prices in check will further damage YPF’s fragile finances.
Keywords:
Argentina,
LA/C,
economy,
industry,
politics,
bonds,
corporate,
debt,
energy,
foreign trade,
gas,
government,
investment,
oil,
prices
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2021
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