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Corporate BondsHybrid

Repsol soars in hybrids as market ignores macro

Repsol_Filling_Station_10May2017_RepsolImageGallery_230x150

Repsol, the Spanish oil major, had a rip-roaring time in the hybrid capital bond market on Tuesday, achieving bumper books and paying minimal new issue concessions for its dual tranche issue. But some bankers think the market is starting to look too exuberant and may be due a correction.

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