UPDATE 1-Argentine YPF prices 10-year bond at par, 8.75 pct yield-IFR
April 1 (Reuters) - Argentina's state-controlled energy company, YPF SA, priced $1 billion of global bonds due 2024 at par to yield 8.75 percent on Tuesday, Thomson Reuters service IFR reported.
Investor demand for the bond in New York was well-oversubscribed at around $4 billion, IFR said. The expected ratings are BB/BB-.
YPF had mandated HSBC, Banco Itau and Morgan Stanley to hold investor meetings.
The deal comes as YPF is seeking to attract investment to the vast Patagonian shale oil and gas formation called Vaca Muerta, or Dead Cow. (Reporting by Paul Kilby; Writing by Alejandro Lifschitz; Editing by Peter Galloway)
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