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Emerging MarketsEM LatAm

Borrowing costs tumble for YPF as Argentine bonds rally


Mired in a sovereign debt court case, Argentina has not been well known for its ability to maintain good relationships with the capital markets in the past decade. But investors praised state-owned oil company YPF’s way of befriending investors after its third international bond in just over six months showed that its borrowing costs were plummeting.

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