Repsol over six times covered, despite softer bond market

Repsol_Alamy_230x150_260719
By Alex Radford
26 Jul 2019

Investors poured orders into the only new issue on Friday, despite a softer backdrop in the corporate bond market. Repsol, a Spanish energy company, was more than six times subscribed for its €750m eight year note.

Repsol was issuing in the wake of the European Central Bank's policy meeting on Thursday.

The ECB said that it was leaving its main interest rates on hold, but left the way open for the rates to be lowered later this year.

“The market reaction was rather positive,” said a ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.