Estudio O´Farrell and Tanoira Cassagne advise YPF on debt issuance for the amount of AR $250,000,000

O´Farrell advised YPF and Tanoira Cassagne advised Banco Santander Río S.A., Nación Bursátil S.A. and Banco de Galicia y Buenos Aires S.A.  in the issuance Series XXXVII Notes for the amount of Argentine Pesos 250 million (approx. US Dollars 28.7 million).

The debt issuance was made under the Global Medium Term Note Program for an amount up to US$ 5,000,000,000)

Series XXXVII Notes are due on February, 2017, and were tendered at 3,49% over BADLAR rate, which will be applicable after the second year of the notes term. During the first year the Notes will bear a flat interest rate of 25,75%. Interest will be payable quarterly.

The notes are listed on the Mercado de Valores de Buenos Aires through the Buenos Aires Stock Exchange (“BASE”) and the Mercado Abierto Electrónico.

Legal counsel to YPF S.A. 

Estudio O’Farrell 

Partner Sebastián Luegmayer and associate Catalina Beccar Varela

In house counsel to YPF

Fernando Gómez Zanou and Lorena Sánchez.

Legal counsel to placement agent 

Tanoira Cassagne Abogados

Partner Alexia Rosenthal and associates Rocío Carrica and Martín Colombres.