BUENOS AIRES, Feb 4 (Reuters) - Argentina’s state-run energy firm YPF will tap global markets for a $750 million bond on Wednesday, the government said, the company’s first international debt sale since the South American country tipped into default in July.
Cabinet Chief Jorge Capitanich said the bond sale “was aimed at boosting investment volumes in the context of becoming energy independent.”
Cash-strapped Argentina sits atop of one of the world’s largest but barely tapped shale oil and gas resources.
Last year, the company’s oil and natural gas imports exceeded its energy sector exports by more than $6 billion.
Reporting by Richard Lough and Eliana Raszewski