YPF - YPF will not modify its bond revamp offer - Reuters
[[YPF]] will not modify its debt exchange proposal to investors before the offer expires tomorrow, Reuters reports.The company earlier this week offered to swap $6.2B in bonds - which was rejected by some creditors - but will not make further changes, according to the report.YPF has said it is restructuring the debts because of restrictions on access to foreign currency established by the Argentine central bank and the effects of the pandemic on the company.YPF could default if it fails to attain enough support for its plan among bondholders, the report says.Production at the YPF-led Vaca Muerta shale play reportedly is reaching record high levels and matching U.S. well scores.
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YPF will not modify its bond revamp offer - Reuters