YPF 24 8.

75%

Informe de Renta Fija

10 de Enero de 2020
1- YPF 2024 8.750

Descripcion del Activo

Condiciones de Emision Calendario de Pagos

Emisor Argentina Emision: 2014-04-04 Capital: 100
Moneda de Emision USD Desde: Hasta: Cupon
2014-10-04 2021-10-04 Int: 8.75%
Fecha de Vencimiento 2024-04-04
2022-04-04 2022-04-04 Int: 8.75% - Amort: 30%
Plazo Original NA year 2022-10-04 2022-10-04 Int: 8.75%
2023-04-04 2023-04-04 Int: 8.75% - Amort: 30%
Amortizacion
2023-10-04 2023-10-04 Int: 8.75%
Ley NY 2024-04-04 2024-04-04 Int: 8.75% - Amort: 40%
Den. Minima 1.000
Emision (VN MM) NA
Codigo de Bolsa YPCUO Proximo Pago de Interes y Capital
Descripcion Fecha Monto
ISIN USP989MJAY76
Ultimo Pago 2019-10-04 USD 4.38
Callable No Capital 2019-10-04 USD 0
Ineteres 2019-10-04 USD 4.38
Proximo Pago 2020-04-06 USD 4.38
Capital 2020-04-06 USD 0
Cupon de Interes Interes 2020-04-06 USD 4.38
Tipo de Tasa Tasa Fija
Tasa de Interes 8.75
Frecuencia Semestral

Analisis Rentabilidad
Precio Mercado 98.13
Precio Dirty 100.56
Rendimiento 9.41%
Mod. Duration 2.73
Spread 7.74
Valor Residual 100.0%
Paridad 98.2%

10 de Enero de 2020 Banco Comafi - Research

2- YPF 2024 8.750

Sensibilidad Precio-Rendimiento

Sensitivity Table
Yield Price Spread Price
8.00 102.105 6.30 102.218
8.10 101.817 6.40 101.926
8.20 101.529 6.50 101.636
8.30 101.243 6.60 101.347
8.40 100.958 6.70 101.059
8.50 100.674 6.80 100.773
8.60 100.39 6.90 100.487
8.70 100.108 7.00 100.202
8.80 99.827 7.10 99.918
8.90 99.547 7.20 99.636
9.00 99.268 7.30 99.354
9.10 98.99 7.40 99.074
9.20 98.713 7.50 98.794
9.30 98.437 7.60 98.515
9.40 98.162 7.70 98.238
9.41 98.13 7.74 98.13
9.50 97.887 7.80 97.962
9.60 97.614 7.90 97.686
9.70 97.342 8.00 97.412
9.80 97.071 8.10 97.138
9.90 96.801 8.20 96.866
10.00 96.532 8.30 96.594
10.10 96.264 8.40 96.324
10.20 95.997 8.50 96.054
10.30 95.731 8.60 95.786
10.40 95.465 8.70 95.518
10.50 95.201 8.80 95.252
10.60 94.938 8.90 94.986
10.70 94.675 9.00 94.722
10.80 94.414 9.10 94.458
10.90 94.153 9.20 94.195

10 de Enero de 2020 Banco Comafi - Research

3- YPF 2024 8.750

Modified Duration and DV01 Analysis

Modified Duration Analysis

2.0
1.5

Mod. Duration
Segment Value
1.0

Total 2.73
0-1 0.04
1-2 0.11
0.5

2-4 1.45
4-6 1.14
6-8 0
0.0

8-10 0
0−1 1−2 2−4 4−6 6−8 8−10 10−12
10-12 0
t

DV01 Analysis (1 Mill)

150
100

DV01 (1 Mill)
Segment Value
50

Total 274
0-1 4
1-2 11
2-4 146
0

4-6 114
0−1 1−2 2−4 4−6 6−8 8−10 10−12
6-8 0
t
8-10 0
10-12 0

10 de Enero de 2020 Banco Comafi - Research

4- YPF 2024 8.750

Flujo de Fondos Futuro Flujo de Fondos Pasado

Date Coupon Date Coupon

2020-04-06 USD 4.3750 2014-10-06 USD 4.3750
2020-10-05 USD 4.3750 2015-04-06 USD 4.3750
2021-04-05 USD 4.3750 2015-10-05 USD 4.3750
2021-10-04 USD 4.3750 2016-04-04 USD 4.3750
2022-04-04 USD 34.3750 2016-10-04 USD 4.3750
2022-10-04 USD 3.0625 2017-04-04 USD 4.3750
2023-04-04 USD 33.0625 2017-10-04 USD 4.3750
2023-10-04 USD 1.7500 2018-04-04 USD 4.3750
2024-04-04 USD 41.7500 2018-10-04 USD 4.3750
2019-04-04 USD 4.3750
2019-10-04 USD 4.3750

10 de Enero de 2020 Banco Comafi - Research

CONTACTOS

CONTACTO

Gerente
Jimena Ramirez Bosco (011) 4338-9312 Jimena.Ramirez@Comafi.com.ar
Asesor Financiero Sr
Cristina Lugones (011) 4338-9336 Maria.Lugones@Comafi.com.ar
Asesor Financiero SSr
Hernan Giacone (011) 4338-9530 Hernan.Giacone@Comafi.com.ar
Luis Gorostidi (011) 4338-9599 Luis.Gorostidi@Comafi.com.ar
Asesor Financiero
German Di Iorio (011) 4338-9536 German.DiIorio@Comafi.com.ar
Rodrigo Revuelta (011) 4338-9837 Rodrigo.Delariva@Comafi.com.ar

Banca Institucional
Gerente
Javier Gourdy (011) 4338-9270 Javier.Gourdy@Comafi.com.ar
Asesor Financiero
Juan Pablo Martin (011) 4338-9208 Juan.Martin@Comafi.com.ar

Visita nuestra web de inversiones: www.comafi-inversiones.com.ar

Departamento de Reseach Banco Comafi - Research