YPF to Redeem $134.5 Million in Class XXXV Notes Ahead of Schedule
Argentina's state-backed oil company announces early redemption of 2025 debt issuance, set to retire notes three weeks ahead of earnings report.
YPF Announces Early Debt Redemption
YPF Sociedad Anónima has notified Argentine securities regulators of its decision to redeem the entirety of its outstanding Class XXXV Notes on August 27, 2026, retiring approximately $134.5 million in debt ahead of the instrument's original maturity date.
The oil and gas company disclosed the early redemption in a letter dated August 6 to Argentina's Comisión Nacional de Valores (CNV), filed as a 6-K with U.S. regulators on August 7 (6-K filing, 2026-08-07). The Class XXXV Notes were originally issued on February 27, 2025, with a total nominal value of $139,894,182 and carried a fixed interest rate of 6.25% with a maturity date of February 27, 2027 (6-K filing, 2026-08-07).
Debt Restructuring Activity
The outstanding principal has been reduced from the original issuance amount following a payment-in-kind transaction. On August 7, YPF issued additional Class XLIII notes and "will receive payment in kind through the delivery of Class XXXV Notes with a total nominal value of U.S.$ 5,427,186, resulting in a total outstanding nominal value of Class XXXV Notes of U.S.$ 134,466,996" (6-K filing, 2026-08-07).
The redemption represents a debt management exercise occurring approximately six months ahead of the notes' scheduled maturity, allowing YPF to retire the obligation while market conditions remain favorable for the Argentine energy sector.
Payment Terms and Mechanics
Noteholders will receive par value—"U.S.$ 1 for each U.S.$ 1 of the nominal value"—plus accrued interest covering the period from May 27, 2026, through August 27, 2026 (6-K filing, 2026-08-07). The accrued interest amounts to "U.S.$ 0.0158 for each U.S.$1 of the face value" of outstanding notes (6-K filing, 2026-08-07).
Caja de Valores S.A., serving as paying agent, will distribute payments to registered holders as of August 26. Following the redemption date, "interest will cease to accrue on the redeemed Class XXXV Notes" (6-K filing, 2026-08-07).
Context and Timing
The redemption announcement arrives just days before YPF's scheduled second-quarter 2026 earnings report on August 11, according to MarginX data. The timing suggests the company may be positioning its balance sheet ahead of quarterly disclosures, though no explicit connection was made in the regulatory filing.
YPF, Argentina's state-backed energy company with a market capitalization of approximately $20 billion, has been actively managing its debt portfolio amid evolving conditions in both Argentine capital markets and the global energy sector. The company's shares last traded at 7,775 pesos.
The redemption follows standard procedures outlined in the original pricing supplement published with the CNV on February 20, 2025, under ID No. 3321258. YPF's Market Relations Officer Margarita Chun signed the notification letter to regulators.
This article was generated by MarginX from the 6-K filing on 2026-08-07. It is not investment advice.