State-Pension Anses Bought Two Thirds of YPF Bonds, Clarin Says

YPF SA (YPFD)’s bonds worth 1.5 billion pesos ($322 million) were mainly acquired by the state-owned pension, Anses, Banco de la Nacion Argentina and other state- owned provincials banks, according to Clarin.

Anses bought bonds worth 1.05 billion pesos, while Banco Nacion and the provincial state-owned banks acquired 225 million pesos, the Buenos Aires-based newspaper said today, citing bank managers that handled the deal. Institutional investors acquired 150 million pesos and another 45 million pesos were bought by retail investors, Clarin said.

YPF yesterday sold 100 million fixed-rate bonds due in 270 days to yield 16.74 percent, 200 million pesos of bonds due in 18 months to yield 3 percentage points above the badlar, which is the interest rate that banks pay for 30-day deposits of more than 1 million pesos, and 1.2 billion pesos of 36-month securities at 4 percentage points above the badlar rate.

To contact the reporter on this story: Pablo Gonzalez in Buenos Aires at pgonzalez49@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net