Repsol takes €1bn out of market as book raises to €3.6bn

By Stefanie Linhardt
23 Sep 2013

Repsol, the Spanish oil and gas company, secured a strong book on Monday for its first bond issue since May. The €1bn deal briefly lost 2bp-3bp, before closing at re-offer, according to a banker away to the deal.

"My trader saw a few bonds being sold in the grey market," said the banker, adding that even though the deal attracted a €3.6bn book, it might have been safer to sell a smaller, €750m trade. "But had I been on the deal and been able to price ...

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