Milbank LLP and Estudio O’Farrell advised YPF and Linklaters LLP and Tanoira Cassagne Abogados advised Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and Itau BBA USA Securities Inc., as joint bookrunners, joint lead managers and initial purchasers, and Banco Itaú Argentina S.A., HSBC Bank Argentina S.A. and Itaú Valores S.A., local placement agents, in the international and local issuance of 8.500% Series I Notes for a total amount of US$ 500,000,000. The placement that took place on June 27, 2019, received offers in the amount of US$ 1,909,276,000, approximately four times the maximal issuance amount. The Notes are the first to be issued under the newly adopted Argentine frequent issuer regime (régimen de emisor frecuente).
The Notes are listed on the Luxembourg Stock Exchange for trading on the Euro MTF market and on the Mercado Abierto Electrónico S.A. (MAE).
Counsel to YPF S.A.
Milbank LLP: Partner Carlos T. Albarracín and associates Gonzalo Guitart and Amanda M. Martin.
Estudio O'Farrell: Partners Uriel F. O’Farrell and Sebastián Luegmayer and associates Alejo Muñoz de Toro, Daniel Reinger and Brigitte Ryszelewski.
Counsel to the joint bookrunners, joint lead managers, initial purchasers and local placement agents
Linklaters LLP: Partners Conrado Tenaglia and Matthew Poulter and associates Alex Weaver, Emma Cano and Madeleine Bléhaut.
Tanoira Cassagne Abogados: Partners Alexia Rosenthal and Jaime Uranga and associate Ignacio Criado Díaz.
Banco Itaú Argentina S.A. e Itaú Valores S.A.: Magalí Claramut.
HSBC Bank Argentina S.A.: Martina Galarraga and Florencia Trevisi.