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Emerging MarketsEM LatAm

YPF rallies but analysts undecided on chances of exchange success

YPF, Argentina, LatAm, 575, oil, gas

Argentine oil and gas company YPF’s bonds rallied on Tuesday as markets acknowledged several improvements to terms on the company’s attempt to exchange all of its $6.228bn international bonds for new notes. But analysts were still undecided as to whether the amended offer would be enough for YPF to meet the necessary acceptance thresholds.

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