The state-owned oil company closed two international deals for USD 1.2 billion after the legislative elections
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Javier Milei's victory in the legislative elections brought fresh air to financial markets and opened the door to new capital flows into Argentina. In this context, YPF completed two international financing operations totaling USD 1.2 billion, aimed at strengthening its exports from Vaca Muerta and boosting the development of the liquefied natural gas (LNG) project.
The national oil company confirmed that the funds obtained will be used for export pre-financing, working capital, and expansion of the energy business. With this step, YPF is consolidating itself as one of the pillars of the economic growth and foreign currency generation strategy driven by the new political and economic climate in the country.
International support and confidence in Argentina's potential
The first tranche of the financing—USD 700 million—was granted through a syndicated loan led by BBVA, Bladex, Santander, Itaú Unibanco, and Citibank. According to the statement from Bladex, the operation was oversubscribed, with strong participation from banks in America and Asia, which demonstrates global confidence in Argentina's energy future.
Tras la victoria de Milei, YPF asegura préstamos por USD 1.200 millones y acelera su plan de GNL
The second tranche consisted of an additional issuance of negotiable obligations for USD 500 million, maturing in 2031 with a fixed annual rate of 8.75%. This placement was carried out under the Simplified Regime for Frequent Issuers of the National Securities Commission (CNV), reflecting the normalization of access for Argentine companies to international credit.
Vaca Muerta and LNG: drivers of the new export cycle
The financing will accelerate the development of Vaca Muerta, the world's second-largest unconventional gas reserve, and advance the ambitious liquefied natural gas project led by YPF. This plan seeks to transform the extracted gas into a high-value exportable product, generating sustainable income for the country and consolidating Argentina as a strategic player in the global energy market.
YPF's president, Horacio Marín, will travel to the United Arab Emirates to participate in the Adipec forum, where he will meet with ADNOC authorities, interested in joining the LNG project consortium alongside Shell and ENI. The entry of the Emirati state company would represent a leap in the integration of international capital into Argentina's energy matrix.
Tras la victoria de Milei, YPF asegura préstamos por USD 1.200 millones y acelera su plan de GNL
A favorable financial scenario under Milei's leadership
The improvement in the investment climate after the elections and the opening of the external debt market for companies and provinces reinforces the trend toward economic stabilization. With Javier Milei's leadership and YPF's commitment to expanding its productive capacity, Argentina is on track to regain prominence on the global energy map.
