YPF Ad Hoc group creditors won't swap debt beyond 2021 bonds, says source
By Reuters Staff 3 Min Read LONDON, Feb 9 (Reuters) - Creditors holding Eurobonds issued by Argentina’s YPF have called on the state energy company to cancel its proposed debt swap beyond the 2021 bond, a source said on Tuesday. YPF, which has earmarked $6.2 billion of its debt for restructuring, swerved default on Monday after winning support from a key creditor group to swap a $413 million bond coming due in March. However, creditors were not prepared to agree to swap out the other six notes coming due between 2024 and 2047, a source familiar with the thinking of the Ad Hoc creditor group...
Source: reuters.com