Repsol has successfully completed the largest dollar-denominated debt placement in its history, issuing US$2.5 billion in bonds through its exploration and production subsidiary. The transaction, structured in three tranches with maturities of three, five and ten years, was executed by Repsol E&P Capital Markets, an indirect and wholly-owned subsidiary of the group. <\/p>\n\n\n\n
The issue aroused strong interest among international investors, reaching a demand 6.9 times higher than the amount offered, which the company considers a clear sign of support for its strategy in the upstream segment. upstream segment<\/a><\/strong>.<\/p>\n\n\n\n All tranches are unconditionally and irrevocably guaranteed, which maintains a BBB+<\/strong> credit rating from S&P and Fitch. Coupons will be paid semi-annually and the issue is expected to officially close on September 16, 2025<\/strong>. <\/p>\n\n\n\n The funds raised will be used to refinance internal debt<\/strong> between group subsidiaries, thus optimizing the company’s financial structure. This operation is in addition to the issue of 750 million euros in perpetual bonds<\/strong> made in June on the Luxembourg Stock Exchange, and the upcoming maturity of another similar issue launched in April 2020, in the midst of the pandemic crisis. <\/p>\n\n\n\n