| 06/10/99 | ||
| REPSOL GOES AHEAD WITH ITS REFINANCING PROGRAMME FOR THE ACQUISITION OF YPF
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Repsol, through its affiliate Repsol
International Finance, has issued Eurobonds at three years for an amount
of 1 billion euros. These bonds have a coupon of 3.50% per year, with an
effective cost of 3.69%. Lead managers for the issue were the banks BBV,
Goldman Sachs, Invercaixa, Merrill Lynch and Salomon Smith Barney.
Argentaria and Warburg Dillon Read have also taken part. This operation makes Repsol one of
the largest issuers in the new European currency, euros. So far this year,
it has issued bonds at 18 months, three years and five years, for an
overall amount of 5.65 billion euros (940 billion
pesetas). |