| 07/13/00 |
| First global bond issue made by a Spanish company |
| REPSOL YPF ISSUES BONDS TO A VALUE OF 1.250 MILLION DOLARS |
The effective yield at which the issue was carried
out is 7,471%, allowing a margin of 129 basic points upon the five years
reference from the American treasury, equivalent to the Libor index, plus an
additional 29 basic points. This is the first global bond to be issued by a
Spanish company, simultaneously positioned in the American, European, and Asian
markets. It is also the biggest issue in dollars made by a Spanish
company. |