Argentina’s YPF Is Selling Bonds to Finance $346 Million Buyback

Argentina’s state-owned oil driller YPF SA is tapping global debt markets for new bonds to help finance a buyback of existing debt from investors, according to people familiar with the matter.

The seven-year senior bond, secured by export revenue, is expected to price Wednesday, said the people, who asked not to be identified because they’re not authorized to speak about the deal. Initial pricing discussions suggest the notes will have a yield in the low 10% range, the people said.

The company will start paying back principal on the debt starting in July 2026, they said, making the weighted ...