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YPF Creditors and Investors Equally Divided

ARGENTINA

Shares for Argentina's state-owned oil company, YPF SA, at best levels reached +9.1% on Wednesday after the company said it had received support from one creditor group for its $6.2 billion debt exchange offer.

  • "Equity investors look really split between those who see YPF trading very cheap in relation to its assets and those who see it as expensive based on the uncertain outlook for earnings," said Ezequiel Fernandez, a corporate analyst at Balanz Capital Valores in Buenos Aires.
  • Bonds were little changed, with notes due in March slipping 0.2 cents to 91.9 cents on the dollar (BBG)

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